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Loans | 6 Months Ended
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Jun. 30, 2022
Receivables [Abstract] |
Loans | Note 4 - Loans Loans consist of the following:
(Dollars in thousands) | June 30, 2022 |  | December 31, 2021 |
Loans held for sale | $ | 62,493 |  |  | $ | 80,387 |  |
LHFI: |  |  |  |
Loans secured by real estate: |  |  |  |
Commercial real estate | $ | 1,909,054 |  |  | $ | 1,693,512 |  |
Construction/land/land development | 635,556 |  |  | 530,083 |  |
Residential real estate | 1,005,623 |  |  | 909,739 |  |
Total real estate | 3,550,233 |  |  | 3,133,334 |  |
Commercial and industrial(1) | 1,430,239 |  |  | 1,454,235 |  |
Mortgage warehouse lines of credit | 531,888 |  |  | 627,078 |  |
Consumer | 15,733 |  |  | 16,684 |  |
Total LHFI(2) | 5,528,093 |  |  | 5,231,331 |  |
Less: Allowance for loan losses | 63,123 |  |  | 64,586 |  |
LHFI, net | $ | 5,464,970 |  |  | $ | 5,166,745 |  |
____________________________ (1)Includes $901,000 and $105.8 million of PPP loans at June 30, 2022 and December 31, 2021, respectively. (2)Includes net deferred loan fees of $8.2 million and $9.6 million at June 30, 2022, and December 31, 2021, respectively. The Company was a participating lender in the Paycheck Protection Program ("PPP") during fiscal years 2020 and 2021. There were approximately $901,000 and $105.8 million in PPP loans outstanding included in the Company’s commercial and industrial loan portfolio at June 30, 2022, and December 31, 2021, respectively, which included $57,000 and $3.0 million in net deferred loan fees at June 30, 2022, and December 31, 2021, respectively. PPP loans have a maximum maturity of five years and earn interest at 1%. PPP loans are fully guaranteed by the U.S. government and can be forgiven by the Small Business Administration ("SBA") if the borrower uses the proceeds to pay specified expenses. The Company believes that the vast majority of its PPP loans will ultimately be forgiven by the SBA in accordance with the terms of the program. The Company originated $767.4 million in PPP loans, and as of June 30, 2022, substantially all of the loan balances have been forgiven. Credit quality indicators. As part of the Company's commitment to managing the credit quality of its loan portfolio, management annually and periodically updates and evaluates certain credit quality indicators, which include but are not limited to (i) weighted-average risk rating of the loan portfolio, (ii) net charge-offs, (iii) level of non-performing loans, (iv) level of classified loans (defined as substandard, doubtful and loss), and (v) the general economic conditions in the cities and states in which the Company operates. The Company maintains an internal risk rating system where ratings are assigned to individual loans based on assessed risk. Loan risk ratings are the primary indicator of credit quality for the loan portfolio and are continually evaluated to ensure they are appropriate based on currently available information. The following is a summary description of the Company's internal risk ratings:
• Pass (1-6) | Loans within this risk rating are further categorized as follows:
Minimal risk (1) | Well-collateralized by cash equivalent instruments held by the Bank.
Moderate risk (2) | Borrowers with excellent asset quality and liquidity. Borrowers' capitalization and liquidity exceed industry norms. Borrowers in this category have significant levels of liquid assets and have a low level of leverage.
Better than average risk (3) | Borrowers with strong financial strength and excellent liquidity that consistently demonstrate strong operating performance. Borrowers in this category generally have a sizable net worth that can be converted into liquid assets within 12 months.
Average risk (4) | Borrowers with sound credit quality and financial performance, including liquidity. Borrowers are supported by sufficient cash flow coverage generated through operations across the full business cycle.
Marginally acceptable risk (5) | Loans generally meet minimum requirements for an acceptable loan in accordance with lending policy, but possess one or more attributes that cause the overall risk profile to be higher than the majority of newly approved loans.
Watch (6) | A passing loan with one or more factors that identify a potential weakness in the overall ability of the borrower to repay the loan. These weaknesses are generally mitigated by other factors that reduce the risk of delinquency or loss.
• Special Mention (7) | This grade is intended to be temporary and includes borrowers whose credit quality has deteriorated and is at risk of further decline.
• Substandard (8) | This grade includes "Substandard" loans under regulatory guidelines. Substandard loans exhibit a well-defined weakness that jeopardizes debt repayment in accordance with contractual agreements, even though the loan may be performing. These obligations are characterized by the distinct possibility that a loss may be incurred if these weaknesses are not corrected and repayment may be dependent upon collateral liquidation or secondary source of repayment.
• Doubtful (9) | This grade includes "Doubtful" loans under regulatory guidelines. Such loans are placed on nonaccrual status and repayment may be dependent upon collateral with no readily determinable valuation or valuations that are highly subjective in nature. Repayment for these loans is considered improbable based on currently existing facts and circumstances.
• Loss (0) | This grade includes "Loss" loans under regulatory guidelines. Loss loans are charged-off or written down when repayment is not expected.
In connection with the review of the loan portfolio, the Company considers risk elements attributable to particular loan types or categories in assessing the quality of individual loans. The list of loans to be reviewed for possible individual evaluation consists of nonaccrual commercial loans over $100,000 with direct exposure, unsecured loans over 90 days past due, commercial loans classified substandard or worse over $100,000 with direct exposure, TDRs, consumer loans greater than $100,000 with a FICO score under 625, loans greater than $100,000 in which the borrower has filed bankruptcy, and all loans 180 days or more past due. Loans under $50,000 will be evaluated collectively in designated pools unless a loss exposure has been identified. Some additional risk elements considered by loan type include: •for commercial real estate loans, the debt service coverage ratio, operating results of the owner in the case of owner-occupied properties, the loan to value ratio, the age and condition of the collateral and the volatility of income, property value and future operating results typical of properties of that type; •for construction, land and land development loans, the perceived feasibility of the project, including the ability to sell developed lots or improvements constructed for resale or the ability to lease property constructed for lease, the quality and nature of contracts for presale or prelease, if any, experience and ability of the developer and loan to value ratio; •for residential mortgage loans, the borrower's ability to repay the loan, including a consideration of the debt to income ratio and employment and income stability, the loan-to-value ratio, and the age, condition and marketability of the collateral; and •for commercial and industrial loans, the debt service coverage ratio (income from the business in excess of operating expenses compared to loan repayment requirements), the operating results of the commercial, industrial or professional enterprise, the borrower's business, professional and financial ability and expertise, the specific risks and volatility of income and operating results typical for businesses in that category and the value, nature and marketability of collateral. The following table reflects recorded investments in loans by credit quality indicator and origination year at June 30, 2022, excluding loans held for sale and loans accounted for at fair value. The Company had an immaterial amount of revolving loans converted to term loans at June 30, 2022.
| Term Loans |
| Amortized Cost Basis by Origination Year |
(Dollars in thousands) | 2022 |  | 2021 |  | 2020 |  | 2019 |  | 2018 |  | Prior |  | Revolving Loans Amortized Cost Basis |  |  |  | Total |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 452,645 |  |  | $ | 511,619 |  |  | $ | 292,129 |  |  | $ | 250,980 |  |  | $ | 180,073 |  |  | $ | 168,953 |  |  | $ | 21,304 |  |  |  |  | $ | 1,877,703 |  |
Special mention | — |  |  | — |  |  | — |  |  | 3,866 |  |  | 8,293 |  |  | 1,405 |  |  | — |  |  |  |  | 13,564 |  |
Classified | — |  |  | 1,826 |  |  | 555 |  |  | 717 |  |  | 2,370 |  |  | 12,156 |  |  | 163 |  |  |  |  | 17,787 |  |
Total commercial real estate loans | $ | 452,645 |  |  | $ | 513,445 |  |  | $ | 292,684 |  |  | $ | 255,563 |  |  | $ | 190,736 |  |  | $ | 182,514 |  |  | $ | 21,467 |  |  |  |  | $ | 1,909,054 |  |
Current period gross charge-offs | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 166 |  |  | $ | — |  |  |  |  | $ | 166 |  |
Current period gross recoveries | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2 |  |  | — |  |  |  |  | 2 |  |
Current period net charge-offs (recoveries) | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 164 |  |  | $ | — |  |  |  |  | $ | 164 |  |
Construction/land/land development: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 156,136 |  |  | $ | 288,817 |  |  | $ | 67,507 |  |  | $ | 50,777 |  |  | $ | 27,686 |  |  | $ | 4,008 |  |  | $ | 37,833 |  |  |  |  | $ | 632,764 |  |
Classified | 173 |  |  | 141 |  |  | 283 |  |  | 160 |  |  | 170 |  |  | 1,721 |  |  | 144 |  |  |  |  | 2,792 |  |
Total construction/land/land development loans | $ | 156,309 |  |  | $ | 288,958 |  |  | $ | 67,790 |  |  | $ | 50,937 |  |  | $ | 27,856 |  |  | $ | 5,729 |  |  | $ | 37,977 |  |  |  |  | $ | 635,556 |  |
Current period gross charge-offs | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |  |
Current period gross recoveries | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | — |  |
Current period net charge-offs (recoveries) | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |  |
Residential real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 214,417 |  |  | $ | 255,510 |  |  | $ | 236,331 |  |  | $ | 97,282 |  |  | $ | 41,029 |  |  | $ | 88,613 |  |  | $ | 62,790 |  |  |  |  | $ | 995,972 |  |
Special mention | — |  |  | — |  |  | 166 |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | 166 |  |
Classified | 491 |  |  | 354 |  |  | 101 |  |  | 1,263 |  |  | 1,074 |  |  | 5,899 |  |  | 303 |  |  |  |  | 9,485 |  |
Total residential real estate loans | $ | 214,908 |  |  | $ | 255,864 |  |  | $ | 236,598 |  |  | $ | 98,545 |  |  | $ | 42,103 |  |  | $ | 94,512 |  |  | $ | 63,093 |  |  |  |  | $ | 1,005,623 |  |
Current period gross charge-offs | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 75 |  |  | $ | — |  |  |  |  | $ | 75 |  |
Current period gross recoveries | — |  |  | — |  |  | — |  |  | 75 |  |  | — |  |  | 17 |  |  | — |  |  |  |  | 92 |  |
Current period net charge-offs (recoveries) | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (75) |  |  | $ | — |  |  | $ | 58 |  |  | $ | — |  |  |  |  | $ | (17) |  |
| Term Loans |
| Amortized Cost Basis by Origination Year |
(Dollars in thousands) | 2022 |  | 2021 |  | 2020 |  | 2019 |  | 2018 |  | Prior |  | Revolving Loans Amortized Cost Basis |  |  |  | Total |
Commercial and industrial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 189,363 |  |  | $ | 302,510 |  |  | $ | 107,423 |  |  | $ | 72,345 |  |  | $ | 42,027 |  |  | $ | 33,751 |  |  | $ | 660,486 |  |  |  |  | $ | 1,407,905 |  |
Special mention | 150 |  |  | 62 |  |  | — |  |  | — |  |  | 192 |  |  | — |  |  | — |  |  |  |  | 404 |  |
Classified | 1,559 |  |  | 10,096 |  |  | 172 |  |  | 1,413 |  |  | 1,390 |  |  | 3,352 |  |  | 3,948 |  |  |  |  | 21,930 |  |
Total commercial and industrial loans | $ | 191,072 |  |  | $ | 312,668 |  |  | $ | 107,595 |  |  | $ | 73,758 |  |  | $ | 43,609 |  |  | $ | 37,103 |  |  | $ | 664,434 |  |  |  |  | $ | 1,430,239 |  |
Current period gross charge-offs | $ | — |  |  | $ | 724 |  |  | $ | — |  |  | $ | 865 |  |  | $ | 337 |  |  | $ | 301 |  |  | $ | 2,098 |  |  |  |  | $ | 4,325 |  |
Current period gross recoveries | — |  |  | — |  |  | — |  |  | 34 |  |  | 15 |  |  | 246 |  |  | 885 |  |  |  |  | 1,180 |  |
Current period net charge-offs (recoveries) | $ | — |  |  | $ | 724 |  |  | $ | — |  |  | $ | 831 |  |  | $ | 322 |  |  | $ | 55 |  |  | $ | 1,213 |  |  |  |  | $ | 3,145 |  |
Mortgage Warehouse Lines of Credit: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 531,888 |  |  |  |  | $ | 531,888 |  |
Current period gross charge-offs | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |  |
Current period gross recoveries | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | — |  |
Current period net charge-offs (recoveries) | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |  |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 3,774 |  |  | $ | 4,527 |  |  | $ | 1,393 |  |  | $ | 961 |  |  | $ | 238 |  |  | $ | 49 |  |  | $ | 4,711 |  |  |  |  | $ | 15,653 |  |
Classified | 5 |  |  | 19 |  |  | — |  |  | 8 |  |  | — |  |  | — |  |  | 48 |  |  |  |  | 80 |  |
Total consumer loans | $ | 3,779 |  |  | $ | 4,546 |  |  | $ | 1,393 |  |  | $ | 969 |  |  | $ | 238 |  |  | $ | 49 |  |  | $ | 4,759 |  |  |  |  | $ | 15,733 |  |
Current period gross charge-offs | $ | — |  |  | $ | 20 |  |  | $ | 6 |  |  | $ | — |  |  | $ | 1 |  |  | $ | 1 |  |  | $ | — |  |  |  |  | $ | 28 |  |
Current period gross recoveries | — |  |  | — |  |  | 7 |  |  | — |  |  | 1 |  |  | 5 |  |  | — |  |  |  |  | 13 |  |
Current period net charge-offs (recoveries) | $ | — |  |  | $ | 20 |  |  | $ | (1) |  |  | $ | — |  |  | $ | — |  |  | $ | (4) |  |  | $ | — |  |  |  |  | $ | 15 |  |
The following table reflects recorded investments in loans by credit quality indicator and origination year at December 31, 2021, excluding loans held for sale and loans accounted for at fair value. The Company had an immaterial amount of revolving loans converted to term loans at December 31, 2021.
| Term Loans |
| Amortized Cost Basis by Origination Year |
(Dollars in thousands) | 2021 |  | 2020 |  | 2019 |  | 2018 |  | 2017 |  | Prior |  | Revolving Loans Amortized Cost Basis |  |  |  | Total |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 556,218 |  |  | $ | 369,128 |  |  | $ | 278,045 |  |  | $ | 236,543 |  |  | $ | 111,308 |  |  | $ | 86,498 |  |  | $ | 22,904 |  |  |  |  | $ | 1,660,644 |  |
Special mention | — |  |  | — |  |  | — |  |  | 8,392 |  |  | 15,828 |  |  | — |  |  | — |  |  |  |  | 24,220 |  |
Classified | 2,045 |  |  | 625 |  |  | 772 |  |  | 2,456 |  |  | 299 |  |  | 2,288 |  |  | 163 |  |  |  |  | 8,648 |  |
Total commercial real estate loans | $ | 558,263 |  |  | $ | 369,753 |  |  | $ | 278,817 |  |  | $ | 247,391 |  |  | $ | 127,435 |  |  | $ | 88,786 |  |  | $ | 23,067 |  |  |  |  | $ | 1,693,512 |  |
Current period gross charge-offs | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 120 |  |  | $ | 24 |  |  | $ | 26 |  |  | $ | — |  |  |  |  | $ | 170 |  |
Current period gross recoveries | — |  |  | — |  |  | — |  |  | 48 |  |  | 3 |  |  | 14 |  |  | — |  |  |  |  | 65 |  |
Current period net charge-offs (recoveries) | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 72 |  |  | $ | 21 |  |  | $ | 12 |  |  | $ | — |  |  |  |  | $ | 105 |  |
| Term Loans |
| Amortized Cost Basis by Origination Year |
(Dollars in thousands) | 2021 |  | 2020 |  | 2019 |  | 2018 |  | 2017 |  | Prior |  | Revolving Loans Amortized Cost Basis |  |  |  | Total |
Construction/land/land development: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 256,212 |  |  | $ | 102,459 |  |  | $ | 85,442 |  |  | $ | 32,128 |  |  | $ | 5,422 |  |  | $ | 553 |  |  | $ | 30,729 |  |  |  |  | $ | 512,945 |  |
Special mention | — |  |  | — |  |  | 8,126 |  |  | — |  |  | 1,003 |  |  | — |  |  | — |  |  |  |  | 9,129 |  |
Classified | 443 |  |  | 297 |  |  | 272 |  |  | 1,677 |  |  | 158 |  |  | — |  |  | 5,162 |  |  |  |  | 8,009 |  |
Total construction/land/land development loans | $ | 256,655 |  |  | $ | 102,756 |  |  | $ | 93,840 |  |  | $ | 33,805 |  |  | $ | 6,583 |  |  | $ | 553 |  |  | $ | 35,891 |  |  |  |  | $ | 530,083 |  |
Current period gross charge-offs | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |  |
Current period gross recoveries | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | — |  |
Current period net charge-offs (recoveries) | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |  |
Residential real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 313,898 |  |  | $ | 252,115 |  |  | $ | 109,564 |  |  | $ | 52,515 |  |  | $ | 45,042 |  |  | $ | 59,690 |  |  | $ | 60,342 |  |  |  |  | $ | 893,166 |  |
Special mention | — |  |  | 174 |  |  | — |  |  | 421 |  |  | 477 |  |  | — |  |  | — |  |  |  |  | 1,072 |  |
Classified | 1,398 |  |  | 191 |  |  | 2,393 |  |  | 2,848 |  |  | 1,819 |  |  | 6,606 |  |  | 246 |  |  |  |  | 15,501 |  |
Total residential real estate loans | $ | 315,296 |  |  | $ | 252,480 |  |  | $ | 111,957 |  |  | $ | 55,784 |  |  | $ | 47,338 |  |  | $ | 66,296 |  |  | $ | 60,588 |  |  |  |  | $ | 909,739 |  |
Current period gross charge-offs | $ | — |  |  | $ | 7 |  |  | $ | 61 |  |  | $ | — |  |  | $ | — |  |  | $ | 10 |  |  | $ | — |  |  |  |  | $ | 78 |  |
Current period gross recoveries | — |  |  | 21 |  |  | 19 |  |  | — |  |  | 25 |  |  | 52 |  |  | — |  |  |  |  | 117 |  |
Current period net charge-offs (recoveries) | $ | — |  |  | $ | (14) |  |  | $ | 42 |  |  | $ | — |  |  | $ | (25) |  |  | $ | (42) |  |  | $ | — |  |  |  |  | $ | (39) |  |
Commercial and industrial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 448,377 |  |  | $ | 164,910 |  |  | $ | 93,488 |  |  | $ | 64,791 |  |  | $ | 14,742 |  |  | $ | 24,014 |  |  | $ | 599,144 |  |  |  |  | $ | 1,409,466 |  |
Special mention | 259 |  |  | 2,170 |  |  | — |  |  | 1,519 |  |  | — |  |  | — |  |  | 3,752 |  |  |  |  | 7,700 |  |
Classified | 14,378 |  |  | 167 |  |  | 2,978 |  |  | 3,849 |  |  | 3,849 |  |  | 3,008 |  |  | 8,840 |  |  |  |  | 37,069 |  |
Total commercial and industrial loans | $ | 463,014 |  |  | $ | 167,247 |  |  | $ | 96,466 |  |  | $ | 70,159 |  |  | $ | 18,591 |  |  | $ | 27,022 |  |  | $ | 611,736 |  |  |  |  | $ | 1,454,235 |  |
Current period gross charge-offs | $ | 9 |  |  | $ | 1,172 |  |  | $ | 54 |  |  | $ | 5 |  |  | $ | 1,467 |  |  | $ | 6,354 |  |  | $ | 2,862 |  |  |  |  | $ | 11,923 |  |
Current period gross recoveries | — |  |  | 18 |  |  | 51 |  |  | 3 |  |  | 102 |  |  | 204 |  |  | 339 |  |  |  |  | 717 |  |
Current period net charge-offs (recoveries) | $ | 9 |  |  | $ | 1,154 |  |  | $ | 3 |  |  | $ | 2 |  |  | $ | 1,365 |  |  | $ | 6,150 |  |  | $ | 2,523 |  |  |  |  | $ | 11,206 |  |
Mortgage Warehouse Lines of Credit: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 627,078 |  |  |  |  | $ | 627,078 |  |
Current period gross charge-offs | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |  |
Current period gross recoveries | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | — |  |
Current period net charge-offs (recoveries) | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |  |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 6,976 |  |  | $ | 2,169 |  |  | $ | 1,467 |  |  | $ | 443 |  |  | $ | 55 |  |  | $ | 67 |  |  | $ | 5,407 |  |  |  |  | $ | 16,584 |  |
Classified | 26 |  |  | 21 |  |  | 1 |  |  | — |  |  | — |  |  | 1 |  |  | 51 |  |  |  |  | 100 |  |
Total consumer loans | $ | 7,002 |  |  | $ | 2,190 |  |  | $ | 1,468 |  |  | $ | 443 |  |  | $ | 55 |  |  | $ | 68 |  |  | $ | 5,458 |  |  |  |  | $ | 16,684 |  |
Current period gross charge-offs | $ | — |  |  | $ | 5 |  |  | $ | 29 |  |  | $ | 2 |  |  | $ | — |  |  | $ | 9 |  |  | $ | 18 |  |  |  |  | $ | 63 |  |
Current period gross recoveries | — |  |  | — |  |  | 20 |  |  | 7 |  |  | 1 |  |  | 17 |  |  | 4 |  |  |  |  | 49 |  |
Current period net charge-offs (recoveries) | $ | — |  |  | $ | 5 |  |  | $ | 9 |  |  | $ | (5) |  |  | $ | (1) |  |  | $ | (8) |  |  | $ | 14 |  |  |  |  | $ | 14 |  |
The following tables present the Company's loan portfolio aging analysis at the dates indicated:
| June 30, 2022 |
(Dollars in thousands) | 30-59 Days Past Due |  | 60-89 Days Past Due |  | Loans Past Due 90 Days or More |  | Total Past Due |  | Current Loans |  | Total Loans Receivable |  | Accruing Loans 90 or More Days Past Due |
Loans secured by real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,909,054 |  |  | $ | 1,909,054 |  |  | $ | — |  |
Construction/land/land development | 95 |  |  | — |  |  | — |  |  | 95 |  |  | 635,461 |  |  | 635,556 |  |  | — |  |
Residential real estate | 36 |  |  | 175 |  |  | 385 |  |  | 596 |  |  | 1,005,027 |  |  | 1,005,623 |  |  | — |  |
Total real estate | 131 |  |  | 175 |  |  | 385 |  |  | 691 |  |  | 3,549,542 |  |  | 3,550,233 |  |  | — |  |
Commercial and industrial | 458 |  |  | 605 |  |  | 5,347 |  |  | 6,410 |  |  | 1,423,829 |  |  | 1,430,239 |  |  | — |  |
Mortgage warehouse lines of credit | — |  |  | — |  |  | — |  |  | — |  |  | 531,888 |  |  | 531,888 |  |  | — |  |
Consumer | 44 |  |  | 29 |  |  | 12 |  |  | 85 |  |  | 15,648 |  |  | 15,733 |  |  | — |  |
Total LHFI | $ | 633 |  |  | $ | 809 |  |  | $ | 5,744 |  |  | $ | 7,186 |  |  | $ | 5,520,907 |  |  | $ | 5,528,093 |  |  | $ | — |  |
| December 31, 2021
(Dollars in thousands) | 30-59 Days Past Due |  | 60-89 Days Past Due |  | Loans Past Due 90 Days or More |  | Total Past Due |  | Current Loans |  | Total Loans Receivable |  | Accruing Loans 90 or More Days Past Due
Loans secured by real estate: |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate | $ | 22 |  |  | $ | — |  |  | $ | 197 |  |  | $ | 219 |  |  | $ | 1,693,293 |  |  | $ | 1,693,512 |  |  | $ | — |
Construction/land/land development | — |  |  | 129 |  |  | 52 |  |  | 181 |  |  | 529,902 |  |  | 530,083 |  |  | — |
Residential real estate | 2,245 |  |  | 352 |  |  | 10,331 |  |  | 12,928 |  |  | 896,811 |  |  | 909,739 |  |  | — |
Total real estate | 2,267 |  |  | 481 |  |  | 10,580 |  |  | 13,328 |  |  | 3,120,006 |  |  | 3,133,334 |  |  | — |
Commercial and industrial | 77 |  |  | 1,172 |  |  | 10,927 |  |  | 12,176 |  |  | 1,442,059 |  |  | 1,454,235 |  |  | — |
Mortgage warehouse lines of credit | — |  |  | — |  |  | — |  |  | — |  |  | 627,078 |  |  | 627,078 |  |  | — |
Consumer | 90 |  |  | — |  |  | 21 |  |  | 111 |  |  | 16,573 |  |  | 16,684 |  |  | — |
Total LHFI | $ | 2,434 |  |  | $ | 1,653 |  |  | $ | 21,528 |  |  | $ | 25,615 |  |  | $ | 5,205,716 |  |  | $ | 5,231,331 |  |  | $ | — |
The following tables detail activity in the allowance for loan credit losses by portfolio segment. Accrued interest of $15.5 million and $17.7 million was not included in the book value for the purposes of calculating the allowance at June 30, 2022, and June 30, 2021, respectively. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.
| Three Months Ended June 30, 2022
(Dollars in thousands) | Beginning Balance |  |  |  | Charge-offs |  | Recoveries |  | Provision(1) |  | Ending Balance |  |  |  |  |  | Average Balance |  | Net Charge-offs to Loan Average Balance(2) |  |  |  |  |  |  |  |  |
Loans secured by real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate | $ | 14,606 |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | 1,506 |  |  | $ | 16,112 |  |  |  |  |  |  | $ | 1,828,700 |  |  | — | % |  |  |  |  |  |  |  |  |
Construction/land/land development | 4,580 |  |  |  |  | — |  |  | — |  |  | 127 |  |  | 4,707 |  |  |  |  |  |  | 587,872 |  |  | — |  |  |  |  |  |  |  |  |  |
Residential real estate | 5,821 |  |  |  |  | — |  |  | 86 |  |  | (56) |  |  | 5,851 |  |  |  |  |  |  | 966,363 |  |  | (0.04) |  |  |  |  |  |  |  |  |  |
Commercial and industrial | 36,315 |  |  |  |  | 2,179 |  |  | 545 |  |  | 796 |  |  | 35,477 |  |  |  |  |  |  | 1,398,802 |  |  | 0.47 |  |  |  |  |  |  |  |  |  |
Mortgage warehouse lines of credit | 329 |  |  |  |  | — |  |  | — |  |  | 130 |  |  | 459 |  |  |  |  |  |  | 444,851 |  |  | — |  |  |  |  |  |  |  |  |  |
Consumer | 522 |  |  |  |  | 13 |  |  | 8 |  |  | — |  |  | 517 |  |  |  |  |  |  | 15,979 |  |  | 0.13 |  |  |  |  |  |  |  |  |  |
Total | $ | 62,173 |  |  |  |  | $ | 2,192 |  |  | $ | 639 |  |  | $ | 2,503 |  |  | $ | 63,123 |  |  |  |  |  |  | $ | 5,242,567 |  |  | 0.12 | % |  |  |  |  |  |  |  |  |
(1)The $3.5 million provision for credit losses on the consolidated statements of income includes a $2.5 million provision for loan losses, a $408,000 provision for off-balance sheet commitments and a $540,000 provision for held to maturity securities credit losses for the three months ended June 30, 2022. (2)Annualized |  |  |  |  |  |  |  |  |
| Three Months Ended June 30, 2021
(Dollars in thousands) | Beginning Balance |  | Charge-offs |  | Recoveries |  | Provision(1) |  | Ending Balance |  | Average Balance |  |  | Net Charge-offs to Loan Average Balance(2) |  |  |  |  |  |  |  |  |  |  |  |  |
Loans secured by real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate | $ | 18,397 |  |  | $ | 102 |  |  | $ | 3 |  |  | $ | (2,016) |  |  | $ | 16,282 |  |  | $ | 1,465,799 |  |  |  | 0.03 | % |  |  |  |  |  |  |  |  |  |  |  |  |
Construction/land/land development | 7,389 |  |  | — |  |  | — |  |  | (1,787) |  |  | 5,602 |  |  | 516,794 |  |  |  | — |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential real estate | 8,294 |  |  | 58 |  |  | 8 |  |  | 815 |  |  | 9,059 |  |  | 929,332 |  |  |  | 0.02 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial | 49,342 |  |  | 2,845 |  |  | 186 |  |  | (1,634) |  |  | 45,049 |  |  | 1,761,803 |  |  |  | 0.61 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage warehouse lines of credit | 923 |  |  | — |  |  | — |  |  | (363) |  |  | 560 |  |  | 819,233 |  |  |  | — |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consumer | 791 |  |  | 5 |  |  | 5 |  |  | (239) |  |  | 552 |  |  | 16,632 |  |  |  | — |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total | $ | 85,136 |  |  | $ | 3,010 |  |  | $ | 202 |  |  | $ | (5,224) |  |  | $ | 77,104 |  |  | $ | 5,509,593 |  |  |  | 0.20 |  |  |  |  |  |  |  |  |  |  |  |  |  |
(1)The $5.6 million provision for credit losses net benefit on the consolidated statements of income includes a $5.2 million net loan loss benefit, a $390,000 benefit for off-balance sheet commitments and a $5,000 provision for held to maturity securities credit losses for the three months ended June 30, 2021. (2)Annualized |  |  |  |  |  |  |  |  |
| Six Months Ended June 30, 2022
(Dollars in thousands) | Beginning Balance |  | Charge-offs |  | Recoveries |  | Provision(1) |  | Ending Balance |  | Average Balance |  | Net Charge-offs to Loan Average Balance(2) |  |  |  |  |  |  |  |  |  |  |  |  |
Loans secured by real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate | $ | 13,425 |  |  | $ | 166 |  |  | $ | 2 |  |  | $ | 2,851 |  |  | $ | 16,112 |  |  | $ | 1,773,784 |  |  | 0.02 | % |  |  |  |  |  |  |  |  |  |  |  |  |
Construction/land/land development | 4,011 |  |  | — |  |  | — |  |  | 696 |  |  | 4,707 |  |  | 576,672 |  |  | — |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential real estate | 6,116 |  |  | 75 |  |  | 92 |  |  | (282) |  |  | 5,851 |  |  | 937,005 |  |  | — |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial | 40,146 |  |  | 4,325 |  |  | 1,180 |  |  | (1,524) |  |  | 35,477 |  |  | 1,411,946 |  |  | 0.45 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage warehouse lines of credit | 340 |  |  | — |  |  | — |  |  | 119 |  |  | 459 |  |  | 434,381 |  |  | — |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consumer | 548 |  |  | 28 |  |  | 13 |  |  | (16) |  |  | 517 |  |  | 16,219 |  |  | 0.19 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total | $ | 64,586 |  |  | $ | 4,594 |  |  | $ | 1,287 |  |  | $ | 1,844 |  |  | $ | 63,123 |  |  | $ | 5,150,007 |  |  | 0.13 |  |  |  |  |  |  |  |  |  |  |  |  |  |
(1)The $3.1 million provision for credit losses on the consolidated statements of income includes a $1.8 million provision for loan losses, a $556,000 provision for off-balance sheet commitments and a $725,000 provision for held to maturity securities credit losses for the six months ended June 30, 2022. (2)Annualized. |  |  |  |  |  |  |  |  |
| Six Months Ended June 30, 2021
(Dollars in thousands) | Beginning Balance |  |  |  | Charge-offs |  | Recoveries |  | Provision(1) |  | Ending Balance |  |  |  |  |  | Average Balance |  | Net Charge-offs to Loan Average Balance(2) |  |  |  |  |  |  |  |  |
Loans secured by real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate | $ | 15,430 |  |  |  |  | $ | 130 |  |  | $ | 6 |  |  | $ | 976 |  |  | $ | 16,282 |  |  |  |  |  |  | $ | 1,443,931 |  |  | 0.02 | % |  |  |  |  |  |  |  |  |
Construction/land/land development | 8,191 |  |  |  |  | — |  |  | — |  |  | (2,589) |  |  | 5,602 |  |  |  |  |  |  | 529,219 |  |  | — |  |  |  |  |  |  |  |  |  |
Residential real estate | 9,418 |  |  |  |  | 58 |  |  | 17 |  |  | (318) |  |  | 9,059 |  |  |  |  |  |  | 908,884 |  |  | 0.01 |  |  |  |  |  |  |  |  |  |
Commercial and industrial | 51,857 |  |  |  |  | 5,800 |  |  | 294 |  |  | (1,302) |  |  | 45,049 |  |  |  |  |  |  | 1,791,281 |  |  | 0.62 |  |  |  |  |  |  |  |  |  |
Mortgage warehouse lines of credit | 856 |  |  |  |  | — |  |  | — |  |  | (296) |  |  | 560 |  |  |  |  |  |  | 890,127 |  |  | — |  |  |  |  |  |  |  |  |  |
Consumer | 918 |  |  |  |  | 49 |  |  | 18 |  |  | (335) |  |  | 552 |  |  |  |  |  |  | 17,138 |  |  | 0.36 |  |  |  |  |  |  |  |  |  |
Total | $ | 86,670 |  |  |  |  | $ | 6,037 |  |  | $ | 335 |  |  | $ | (3,864) |  |  | $ | 77,104 |  |  |  |  |  |  | $ | 5,580,580 |  |  | 0.21 |  |  |  |  |  |  |  |  |  |
(1)The $4.2 million provision for credit losses net benefit on the consolidated statements of income includes a $3.9 million provision for loan losses net benefit, a $338,000 off-balance sheet commitments net benefit and a $5,000 provision for held to maturity securities credit losses for the six months ended June 30, 2021. (2)Annualized |  |  |  |  |  |  |  |  |
The increase in provision expense during the six months ended June 30, 2022, is primarily due to the growth in total LHFI balance, excluding the PPP and mortgage warehouse loans. The allowance for loan credit losses decreased $14.0 million compared to the six months ended June 30, 2021, primarily driven by a decrease of $11.2 million in the individually evaluated portion of the reserve at June 30, 2022, when compared to June 30, 2021. The following tables show the recorded investment in loans by loss estimation methodology.
| June 30, 2022 |
| Collectively Evaluated |  | Individually Evaluated |  |  |
(Dollars in thousands) | Probability of Default |  | Fair Value of Collateral |  | Discounted Cash Flow |  | Total |
Loans secured by real estate: |  |  |  |  |  |  |  |
Commercial real estate | $ | 1,907,141 |  |  | $ | — |  |  | $ | 1,913 |  |  | $ | 1,909,054 |  |
Construction/land/land development | 634,432 |  |  | 212 |  |  | 912 |  |  | 635,556 |  |
Residential real estate | 998,586 |  |  | 6,482 |  |  | 555 |  |  | 1,005,623 |  |
Commercial and industrial | 1,423,402 |  |  | 5,822 |  |  | 1,015 |  |  | 1,430,239 |  |
Mortgage warehouse lines of credit | 531,888 |  |  | — |  |  | — |  |  | 531,888 |  |
Consumer | 15,732 |  |  | 1 |  |  | — |  |  | 15,733 |  |
Total | $ | 5,511,181 |  |  | $ | 12,517 |  |  | $ | 4,395 |  |  | $ | 5,528,093 |  |
| December 31, 2021 |
| Collectively Evaluated |  | Individually Evaluated |  |  |
(Dollars in thousands) | Probability of Default |  | Fair Value of Collateral |  | Discounted Cash Flow |  | Total |
Loans secured by real estate: |  |  |  |  |  |  |  |
Commercial real estate | $ | 1,691,269 |  |  | $ | 166 |  |  | $ | 2,077 |  |  | $ | 1,693,512 |  |
Construction/land/land development | 529,789 |  |  | — |  |  | 294 |  |  | 530,083 |  |
Residential real estate | 898,456 |  |  | 8,150 |  |  | 3,133 |  |  | 909,739 |  |
Commercial and industrial | 1,441,204 |  |  | 8,547 |  |  | 4,484 |  |  | 1,454,235 |  |
Mortgage warehouse lines of credit | 627,078 |  |  | — |  |  | — |  |  | 627,078 |  |
Consumer | 16,682 |  |  | 2 |  |  | — |  |  | 16,684 |  |
Total | $ | 5,204,478 |  |  | $ | 16,865 |  |  | $ | 9,988 |  |  | $ | 5,231,331 |  |
The following tables show the allowance for loan credit losses by loss estimation methodology at June 30, 2022, and December 31, 2021.
| June 30, 2022 |
| Collectively Evaluated |  | Individually Evaluated |  |  |
(Dollars in thousands) | Probability of Default |  | Fair Value of Collateral |  | Discounted Cash Flow |  | Total |
Loans secured by real estate: |  |  |  |  |  |  |  |
Commercial real estate | $ | 16,087 |  |  | $ | — |  |  | $ | 25 |  |  | $ | 16,112 |  |
Construction/land/land development | 4,689 |  |  | — |  |  | 18 |  |  | 4,707 |  |
Residential real estate | 5,667 |  |  | 184 |  |  | — |  |  | 5,851 |  |
Commercial and industrial | 30,589 |  |  | 4,885 |  |  | 3 |  |  | 35,477 |  |
Mortgage warehouse lines of credit | 459 |  |  | — |  |  | — |  |  | 459 |  |
Consumer | 516 |  |  | 1 |  |  | — |  |  | 517 |  |
Total | $ | 58,007 |  |  | $ | 5,070 |  |  | $ | 46 |  |  | $ | 63,123 |  |
| December 31, 2021 |
| Collectively Evaluated |  | Individually Evaluated |  |  |
(Dollars in thousands) | Probability of Default |  | Fair Value of Collateral |  | Discounted Cash Flow |  | Total |
Loans secured by real estate: |  |  |  |  |  |  |  |
Commercial real estate | $ | 13,416 |  |  | $ | — |  |  | $ | 9 |  |  | $ | 13,425 |  |
Construction/land/land development | 3,997 |  |  | — |  |  | 14 |  |  | 4,011 |  |
Residential real estate | 5,017 |  |  | 19 |  |  | 1,080 |  |  | 6,116 |  |
Commercial and industrial | 29,995 |  |  | 6,680 |  |  | 3,471 |  |  | 40,146 |  |
Mortgage warehouse lines of credit | 340 |  |  | — |  |  | — |  |  | 340 |  |
Consumer | 546 |  |  | 2 |  |  | — |  |  | 548 |  |
Total | $ | 53,311 |  |  | $ | 6,701 |  |  | $ | 4,574 |  |  | $ | 64,586 |  |
Collateral-dependent loans consist primarily of commercial real estate and commercial and industrial loans. These loans are individually evaluated when foreclosure is probable or when the repayment of the loan is expected to be provided substantially through the operation or sale of the underlying collateral and, in the case of commercial and industrial loans secured by equipment, the fair value of the collateral is estimated by third-party valuation experts. Loan balances are charged down to the underlying collateral value when they are deemed uncollectible. Note that the Company did not elect to use the collateral maintenance agreement practical expedient available under CECL. Nonaccrual LHFI were as follows:
| Nonaccrual With No Allowance for Credit Loss |  | Nonaccrual
(Dollars in thousands) Loans secured by real estate: | June 30, 2022 |  | December 31, 2021 |  | June 30, 2022 |  | December 31, 2021
Commercial real estate | $ | 172 |  |  | $ | 453 |  |  | $ | 224 |  |  | $ | 512 |
Construction/land/land development | 209 |  |  | 52 |  |  | 373 |  |  | 338 |
Residential real estate | 5,865 |  |  | 7,684 |  |  | 7,478 |  |  | 11,647 |
Total real estate | 6,246 |  |  | 8,189 |  |  | 8,075 |  |  | 12,497 |
Commercial and industrial | 681 |  |  | 58 |  |  | 5,930 |  |  | 12,306 |
Consumer | — |  |  | — |  |  | 80 |  |  | 100 |
Total nonaccrual loans | $ | 6,927 |  |  | $ | 8,247 |  |  | $ | 14,085 |  |  | $ | 24,903 |
All interest accrued but not received for loans placed on nonaccrual status is reversed against interest income. Subsequent receipts on nonaccrual loans are recorded as a reduction of principal, and interest income is recorded only after principal recovery is reasonably assured. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. At June 30, 2022, the Company had $1,000 in funding commitments for which the terms have been modified in TDRs. For the six months ended June 30, 2022 and 2021, gross interest income, that would have been recorded had the nonaccruing loans been current in accordance with their original terms, was $438,000 and $880,000, respectively. No interest income was recorded on these loans while they were considered nonaccrual during the six months ended June 30, 2022 and 2021. The Company elects the fair value option for recording residential mortgage loans held for sale in accordance with U.S. GAAP. The Company had $2.5 million of nonaccrual mortgage loans held for sale that were recorded using the fair value option election at June 30, 2022, compared to $1.8 million at December 31, 2021. Loans classified as TDRs, excluding the impact of forbearances granted due to COVID-19, were as follows:
(Dollars in thousands) | June 30, 2022 |  | December 31, 2021 |  |
TDRs |  |  |  |  |
Nonaccrual TDRs | $ | 4,579 |  |  | $ | 4,064 |  |  |
Performing TDRs | 4,043 |  |  | 2,763 |  |  |
Total | $ | 8,622 |  |  | $ | 6,827 |  |  |
The tables below summarize loans classified as TDRs by loan and concession type during the dates indicated. There were no loans classified as TDR's during the six months ended June 30, 2021.
| Three Months Ended June 30, 2022
(Dollars in thousands) | Number of Loans Restructured |  | Pre-Modification Recorded Balance |  | Term Concessions |  | Interest Rate Concessions |  | Combination of Term and Rate Concessions |  | Total Modifications
Construction/land/land development | 2 |  |  | $ | 850 |  |  | $ | 705 |  |  | $ | — |  |  | $ | 98 |  |  | $ | 803 |
Residential real estate | 1 |  |  | 3,696 |  |  |  |  | 3,670 |  |  | — |  |  | 3,670 |
Total | 3 |  |  | $ | 4,546 |  |  | $ | 705 |  |  | $ | 3,670 |  |  | $ | 98 |  |  | $ | 4,473 |
| Six Months Ended June 30, 2022
(Dollars in thousands) | Number of Loans Restructured |  | Pre-Modification Recorded Balance |  | Term Concessions |  | Interest Rate Concessions |  | Combination of Term and Rate Concessions |  | Total Modifications
Loans secured by real estate: |  |  |  |  |  |  |  |  |  |  |
Construction/land/land development | 2 |  |  | $ | 850 |  |  | $ | 705 |  |  | $ | — |  |  | $ | 98 |  |  | $ | 803 |
Residential real estate | 1 |  |  | 3,696 |  |  | — |  |  | 3,670 |  |  | — |  |  | 3,670 |
Total real estate | 3 |  |  | 4,546 |  |  | 705 |  |  | 3,670 |  |  | 98 |  |  | 4,473 |
Commercial and industrial | 2 |  |  | 664 |  |  | 664 |  |  | — |  |  | — |  |  | 664 |
Total | 5 |  |  | $ | 5,210 |  |  | $ | 1,369 |  |  | $ | 3,670 |  |  | $ | 98 |  |  | $ | 5,137 |
There were no loans that defaulted during the six months ended June 30, 2022, after having been modified as a TDR within the previous 12 months. During the six months ended June 30, 2021, three loans with a combined outstanding principal balance of $743,000 defaulted after having been modified as a TDR within the previous 12 months. A payment default is defined as a loan that was 90 or more days past due. The Company monitors the performance of the modified loans to their restructured terms on an ongoing basis. In the event of subsequent default, the allowance for loan credit losses continues to be reassessed on the basis of an individual evaluation of each loan. The modifications made during the six months ended June 30, 2022, and June 30, 2021, did not significantly impact the Company's determination of the allowance for loan credit losses.

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- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI https://asc.fasb.org/subtopic&trid=2196772 + Details
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- References No definition available. + Details
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