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Loans (Tables)
 12 Months Ended
Dec. 31, 2023
Receivables [Abstract]  
Schedule of Loans
Loans consist of the following:
(Dollars in thousands)December 31, 2023December 31, 2022
Loans held for sale$16,852 $49,957 
LHFI:
Loans secured by real estate:
Commercial real estate(1)
$2,442,734 $2,304,678 
Construction/land/land development1,070,225 945,625 
Residential real estate1,734,935 1,477,538 
Total real estate5,247,894 4,727,841 
Commercial and industrial2,059,460 2,051,161 
Mortgage warehouse lines of credit329,966 284,867 
Consumer23,624 26,153 
Total LHFI(2)
7,660,944 7,090,022 
Less: Allowance for loan credit losses (“ALCL”)
96,868 87,161 
LHFI, net$7,564,076 $7,002,861 
____________________________
(1)Includes owner occupied commercial real estate of $953.8 million and $843.0 million at December 31, 2023, and December 31, 2022, respectively.
(2)Includes unamortized purchase accounting adjustment and net deferred loan fees of $11.8 million and $14.2 million at December 31, 2023, and December 31, 2022, respectively. As of December 31, 2023, and December 31, 2022, the remaining purchase accounting net loan discount was $222,000 and $2.2 million, respectively.
Schedule of Recorded Investment in Loans by Credit Quality Indicator
The following table reflects recorded investments in loans by credit quality indicator and origination year at December 31, 2023, and gross charge-offs for the year ended December 31, 2023, excluding loans held for sale. Loans acquired are shown in the table by origination year, not merger date. The Company had an immaterial amount of revolving loans converted to term loans at December 31, 2023.
Term Loans
Amortized Cost Basis by Origination Year
(Dollars in thousands)20232022202120202019PriorRevolving Loans Amortized Cost BasisTotal
Commercial real estate:
Pass$333,887 $885,234 $470,252 $253,700 $204,421 $188,532 $77,993 $2,414,019 
Special mention— — 308 — — 7,950 — 8,258 
Classified726 4,285 3,212 1,765 524 9,945 — 20,457 
Total commercial real estate loans$334,613 $889,519 $473,772 $255,465 $204,945 $206,427 $77,993 $2,442,734 
Year-to-date gross charge-offs$— $— $— $— $— $42 $— $42 
Construction/land/land development:
Pass$259,502 $461,373 $214,526 $21,309 $7,221 $25,460 $42,700 $1,032,091 
Special mention746 10,462 19,811 — — — — 31,019 
Classified191 3,132 41 240 662 560 2,289 7,115 
Total construction/land/land development loans$260,439 $474,967 $234,378 $21,549 $7,883 $26,020 $44,989 $1,070,225 
Year-to-date gross charge-offs$— $— $— $— $— $— $— $— 
Residential real estate:
Pass$332,874 $549,504 $289,289 $237,813 $79,499 $142,265 $91,972 $1,723,216 
Special mention250 — — 141 — — — 391 
Classified689 1,985 1,439 407 1,367 4,949 492 11,328 
Total residential real estate loans$333,813 $551,489 $290,728 $238,361 $80,866 $147,214 $92,464 $1,734,935 
Year-to-date gross charge-offs$— $— $— $5 $— $22 $— $27 
Commercial and industrial:
Pass$399,485 $272,152 $160,636 $36,995 $57,562 $48,523 $1,035,021 $2,010,374 
Special mention498 6,383 — — — — 650 7,531 
Classified3,583 1,676 12,908 371 470 222 22,325 41,555 
Total commercial and industrial loans$403,566 $280,211 $173,544 $37,366 $58,032 $48,745 $1,057,996 $2,059,460 
Year-to-date gross charge-offs$203 $328 $233 $141 $539 $679 $9,710 $11,833 
Mortgage Warehouse Lines of Credit:
Pass$— $— $— $— $— $— $329,966 $329,966 
Year-to-date gross charge-offs$— $— $— $— $— $— $— $— 
Consumer:
Pass$11,053 $3,567 $1,040 $399 $470 $17 $6,988 $23,534 
Classified35 42 10 — 2 — 1 90 
Total consumer loans$11,088 $3,609 $1,050 $399 $472 $17 $6,989 $23,624 
Year-to-date gross charge-offs$3 $102 $7 $— $— $2 $33 $147 
The following table reflects recorded investments in loans by credit quality indicator and origination year at December 31, 2022, and gross charge-offs for the year ended December 31, 2022, excluding loans held for sale. Loans acquired are shown in the table by origination year, not merger date. The Company had an immaterial amount of revolving loans converted to term loans at December 31, 2022.
Term Loans
Amortized Cost Basis by Origination Year
(Dollars in thousands)20222021202020192018PriorRevolving Loans Amortized Cost BasisTotal
Commercial real estate:
Pass$885,244 $502,287 $283,368 $230,040 $168,079 $131,411 $69,952 $2,270,381 
Special mention— — — — 8,174 1,359 1,558 11,091 
Classified930 1,795 1,551 4,014 2,965 11,901 50 23,206 
Total commercial real estate loans$886,174 $504,082 $284,919 $234,054 $179,218 $144,671 $71,560 $2,304,678 
Year-to-date gross charge-offs$— $— $— $— $— $166 $— $166 
Construction/land/land development:
Pass$445,943 $320,951 $58,880 $27,381 $27,753 $5,253 $48,436 $934,597 
Special mention6,217 — — — — — — 6,217 
Classified180 100 286 38 160 1,708 2,339 4,811 
Total construction/land/land development loans$452,340 $321,051 $59,166 $27,419 $27,913 $6,961 $50,775 $945,625 
Year-to-date gross charge-offs$— $— $— $— $— $— $— $— 
Residential real estate:
Pass$535,739 $308,070 $261,293 $107,530 $48,652 $123,052 $80,375 $1,464,711 
Special mention— — 390 — — — — 390 
Classified2,227 2,764 90 1,494 1,064 4,653 145 12,437 
Total residential real estate loans$537,966 $310,834 $261,773 $109,024 $49,716 $127,705 $80,520 $1,477,538 
Year-to-date gross charge-offs$— $— $— $— $— $91 $— $91 
Commercial and industrial:
Pass$454,813 $239,411 $82,168 $75,043 $40,534 $29,745 $1,083,221 $2,004,935 
Special mention8,683 2,563 — — 187 — 1,620 13,053 
Classified3,641 11,455 188 1,978 1,224 3 14,684 33,173 
Total commercial and industrial loans$467,137 $253,429 $82,356 $77,021 $41,945 $29,748 $1,099,525 $2,051,161 
Year-to-date gross charge-offs$28 $726 $48 $869 $337 $1,103 $5,348 $8,459 
Term Loans
Amortized Cost Basis by Origination Year
(Dollars in thousands)20222021202020192018PriorRevolving Loans Amortized Cost BasisTotal
Mortgage Warehouse Lines of Credit:
Pass$— $— $— $— $— $— $282,298 $282,298 
Special mention— — — — — — 2,042 2,042 
Classified— — — — — — 527 527 
Year-to-date gross charge-offs$— $— $— $— $— $— $284,867 $284,867 
Current period year-to-date gross charge-offs$— $— $— $— $— $— $— $— 
Consumer:
Pass$9,730 $3,822 $1,210 $784 $135 $15 $10,408 $26,104 
Classified22 19 — 6 — — 2 49 
Total consumer loans$9,752 $3,841 $1,210 $790 $135 $15 $10,410 $26,153 
Year-to-date gross charge-offs$3 $27 $7 $2 $1 $1 $2 $43 
Schedule of Loan Portfolio Aging Analysis
The following tables present the Company’s loan portfolio aging analysis at the dates indicated:
December 31, 2023
(Dollars in thousands)30-59 Days Past Due60-89 Days Past DueLoans Past Due 90 Days or MoreTotal Past DueCurrent LoansTotal Loans ReceivableAccruing Loans 90 or More Days Past Due
Loans secured by real estate:
Commercial real estate
$2,264 $— $— $2,264 $2,440,470 $2,442,734 $— 
Construction/land/land development
834 27 13 874 1,069,351 1,070,225 — 
Residential real estate8,055 1,326 5,960 15,341 1,719,594 1,734,935 — 
Total real estate11,153 1,353 5,973 18,479 5,229,415 5,247,894 — 
Commercial and industrial1,221 713 5,417 7,351 2,052,109 2,059,460 — 
Mortgage warehouse lines of credit
— — — — 329,966 329,966 — 
Consumer200 10 3 213 23,411 23,624 — 
Total LHFI$12,574 $2,076 $11,393 $26,043 $7,634,901 $7,660,944 $— 
December 31, 2022
(Dollars in thousands)30-59 Days Past Due60-89 Days Past DueLoans Past Due 90 Days or MoreTotal Past DueCurrent LoansTotal Loans ReceivableAccruing Loans 90 or More Days Past Due
Loans secured by real estate:
Commercial real estate$31 $— $104 $135 $2,304,543 $2,304,678 $— 
Construction/land/land development
854 — 17 871 944,754 945,625 — 
Residential real estate1,814 891 450 3,155 1,474,383 1,477,538 — 
Total real estate2,699 891 571 4,161 4,723,680 4,727,841 — 
Commercial and industrial3,878 1,972 544 6,394 2,044,767 2,051,161 — 
Mortgage warehouse lines of credit— — — — 284,867 284,867 — 
Consumer350 16 11 377 25,776 26,153 — 
Total LHFI$6,927 $2,879 $1,126 $10,932 $7,079,090 $7,090,022 $— 
Schedule of Allowance for Loan Losses by Portfolio Segment
The following tables detail activity in the ALCL by portfolio segment. Accrued interest of $35.1 million and $27.1 million was not included in the book value for the purposes of calculating the allowance at December 31, 2023 and 2022, respectively. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.

Year Ended December 31, 2023
Commercial Real EstateConstruction/ Land/ Land DevelopmentResidential Real EstateCommercial and IndustrialMortgage Warehouse Lines of CreditConsumerTotal
(Dollars in thousands)
Beginning balance$19,772 $7,776 $8,230 $50,148 $379 $856 $87,161 
Charge-offs42 — 27 11,833 — 147 12,049 
Recoveries140 3 17 4,068 — 14 4,242 
Provision(1)
(245)2,211 2,399 12,947 150 52 17,514 
Ending balance$19,625 $9,990 $10,619 $55,330 $529 $775 $96,868 
Average balance$2,404,530 $1,015,178 $1,629,589 $2,054,081 $314,079 $24,627 $7,442,084 
Net charge-offs to loan average balance (annualized)— %— %— %0.38 %— %0.54 %0.10 %
_________________________

(1)The $16.8 million provision for credit losses on the consolidated statement of income includes a $17.5 million provision for loan losses, a $75,000 provision for off-balance sheet commitments and an $836,000 net benefit provision for credit losses on held to maturity securities for the year ended December 31, 2023.
Year Ended December 31, 2022
Commercial Real EstateConstruction/ Land/ Land DevelopmentResidential Real EstateCommercial and IndustrialMortgage Warehouse Lines of CreditConsumerTotal
(Dollars in thousands)
Beginning balance$13,425 $4,011 $6,116 $40,146 $340 $548 $64,586 
Allowance for loan credit losses - BTH merger(1)
1 — — 5,525 — 1 5,527 
Charge-offs166 — 91 8,459 — 43 8,759 
Recoveries40 211 102 3,825 — 16 4,194 
Provision(2)
6,472 3,554 2,103 9,111 39 334 21,613 
Ending balance$19,772 $7,776 $8,230 $50,148 $379 $856 $87,161 
Average balance$1,951,246 $708,758 $1,143,190 $1,675,719 $420,639 $20,913 $5,920,465 
Net charge-offs to loan average balance (annualized)0.01 %(0.03)%— %0.28 %— %0.13 %0.08 %
_________________________

(1)Excluded from the allowance is $10.8 million in PCD loans that were acquired in the merger with BTH that were added to the allowance and immediately written off.
(2)The $24.7 million provision for credit losses on the consolidated statements of income includes a $21.6 million provision for loan losses, a $2.3 million provision for off-balance sheet commitments and a $732,000 provision for held to maturity securities credit losses for the year ended December 31, 2022.
Year Ended December 31, 2021
Commercial Real EstateConstruction/ Land/ Land DevelopmentResidential Real EstateCommercial and IndustrialMortgage Warehouse Lines of CreditConsumerTotal
(Dollars in thousands)
Beginning Balance$15,430 $8,191 $9,418 $51,857 $856 $918 $86,670 
Charge-offs170 — 78 11,923 — 63 12,234 
Recoveries65 — 117 717 — 49 948 
Provision(1)
(1,900)(4,180)(3,341)(505)(516)(356)(10,798)
Ending Balance$13,425 $4,011 $6,116 $40,146 $340 $548 $64,586 
Average Balance$1,501,890 $528,618 $916,039 $1,627,077 $753,588 $16,764 $5,343,976 
Net Charge-offs to Loan Average Balance0.01 %— %— %0.69 %— %0.08 %0.21 %
_________________________

(1)The $10.8 million net benefit provision for credit losses on the consolidated statement of income includes a $10.8 million net benefit provision for loan losses, a $68,000 net benefit provision for off-balance sheet commitments and a $101,000 provision for held to maturity securities credit losses for the year ended December 31, 2021.
Schedule of Amortized Cost Basis of Collateral Dependent Loans
The following table presents the amortized cost basis of collateral dependent loans, which are individually evaluated to determine expected credit losses, and the related ALCL allocated to these loans.
December 31, 2023
(Dollars in thousands)Commercial Real EstateConstruction/ Land/ Land DevelopmentResidential Real EstateCommercial and IndustrialMortgage Warehouse Lines of CreditConsumerTotal
Real Estate $605 $— $4,029 $— $— $— $4,634 
Equipment — — — 119 — — 119 
Other— — — 258 — — 258 
Total$605 $— $4,029 $377 $— $— $5,011 
ALCL Allocation$— $— $— $— $— $— $— 
December 31, 2022
(Dollars in thousands)Commercial Real EstateConstruction/ Land/ Land DevelopmentResidential Real EstateCommercial and IndustrialMortgage Warehouse Lines of CreditConsumerTotal
Real Estate $273 $97 $6,731 $— $— $— $7,101 
Accounts Receivable — — — 831 — — 831 
Equipment — — — 285 — — 285 
Total$273 $97 $6,731 $1,116 $— $— $8,217 
ALCL Allocation$— $— $— $738 $— $— $738 
Schedule of Non-performing (Nonaccrual) Loans Held for Investment
Nonaccrual LHFI was as follows:
Nonaccrual With No
Allowance for Credit Loss		Total Nonaccrual
(Dollars in thousands)
Loans secured by real estate:
December 31, 2023December 31, 2022December 31, 2023December 31, 2022
Commercial real estate$746 $435 $786 $526 
Construction/land/land development
96 59 305 270 
Residential real estate5,695 7,023 13,037 7,712 
Total real estate6,537 7,517 14,128 8,508 
Commercial and industrial
4,706 527 15,897 1,383 
Mortgage warehouse lines of credit— — — — 
Consumer— — 90 49 
Total nonaccrual loans$11,243 $8,044 $30,115 $9,940 
Schedule of Loans Classified as Troubled Debt Restructurings (TDRs)
The table below summarizes modifications made to borrowers experiencing financial difficulty by loan and modification type during the year ended December 31, 2023.

Amortized Cost Basis at December 31, 2023
Term ExtensionCombination:
Term Extension and Interest Rate Reduction		Other-Than-Insignificant Payment Delay
(Dollars in thousands)Amortized Cost% of LoansAmortized Cost% of LoansAmortized Cost% of Loans
Loans secured by real estate:
Commercial real estate$7,845 0.32 %$— — %$428 0.02 %
Construction/land/land development3,979 0.37 — — — — 
Residential real estate2,599 0.15 190 0.01 98 0.01 
Total real estate14,423 0.27 190 — 526 0.01 
Commercial and industrial21,093 1.02 1,072 0.05 53 — 
Total$35,516 0.46 $1,262 0.02 $579 0.01 
The following table describes the financial effect of the modification made to borrowers experiencing financial difficulty during the year ended December 31, 2023, respectively.
Year Ended December 31, 2023
Interest Rate ReductionTerm ExtensionOther-Than-Insignificant Payment Delay
Commercial real estateN/A
Added a weighted average 10.7 months to the life of the modified loans
Delayed payment of weighted average 6 months
Construction/land/land developmentN/A
Added a weighted average 13.0 months to the life of the modified loans
N/A
Residential real estate
Reduced weighted average contractual interest rate from 8.8% to 6.0%
Added a weighted average 32.8 months to the life of the modified loans
Delayed payment of weighted average 2 months
Commercial and industrial
Reduced weighted average contractual interest rate from 9.9% to 8.9%
Added a weighted average 9.5 months to the life of the modified loans
Delayed payment of weighted average 6 months
The following table depicts the performance of loans that have been modified during the year ended December 31, 2023.
Payment Status (Amortized Cost Basis)
December 31, 2023
(Dollars in thousands)Current30-89 Days Past Due90 Days or More Past Due
Loans secured by real estate:
Commercial real estate
$8,272 $— $— 
Construction/land/land development
3,979 — — 
Residential real estate2,484 120 282 
Total real estate14,735 120 282 
Commercial and industrial22,219 — — 
Total LHFI$36,954 $120 $282 
Schedule of Amortized Cost of Loans with Payment Default
The table below provides the details of borrowers that were experiencing financial difficulty that were modified within the last twelve months and defaulted during the year ended December 31, 2023.
At Or For The Year Ended December 31, 2023
Term Extension
(Dollars in thousands)Amortized CostDefault Amount
Residential real estate$282 $282 
Commercial and industrial— 10 
Total LHFI$282 $292