XML 40 R26.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Loans (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
Receivables [Abstract] |
Schedule of Loans | Loans consist of the following:
(Dollars in thousands) | March 31, 2024 |  | December 31, 2023 |  |
Loans held for sale | $ | 14,975 |  |  | $ | 16,852 |  |  |
LHFI: |  |  |  |  |
Loans secured by real estate: |  |  |  |  |
Commercial real estate(1) | $ | 2,420,788 |  |  | $ | 2,442,734 |  |  |
Construction/land/land development | 1,168,597 |  |  | 1,070,225 |  |  |
Residential real estate | 1,733,297 |  |  | 1,734,935 |  |  |
Total real estate | 5,322,682 |  |  | 5,247,894 |  |  |
Commercial and industrial | 2,154,151 |  |  | 2,059,460 |  |  |
Mortgage warehouse lines of credit | 400,995 |  |  | 329,966 |  |  |
Consumer | 22,199 |  |  | 23,624 |  |  |
Total LHFI(2) | 7,900,027 |  |  | 7,660,944 |  |  |
Less: Allowance for loan credit losses (“ALCL”) | 98,375 |  |  | 96,868 |  |  |
LHFI, net | $ | 7,801,652 |  |  | $ | 7,564,076 |  |  |
____________________________ (1)Includes owner occupied commercial real estate of $948.6 million and $953.8 million at March 31, 2024, and December 31, 2023, respectively. (2)Includes unamortized purchase accounting adjustment and net deferred loan fees of $11.4 million and $11.8 million at March 31, 2024, and December 31, 2023, respectively. As of March 31, 2024, and December 31, 2023, the remaining purchase accounting net loan discount was immaterial.
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 March 31, 2024, and gross charge-offs for the three months ended March 31, 2024, 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 March 31, 2024.
| Term Loans |
| Amortized Cost Basis by Origination Year |
(Dollars in thousands) | 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | Prior |  | Revolving Loans Amortized Cost Basis |  |  |  | Total |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 53,920 |  |  | $ | 339,064 |  |  | $ | 879,163 |  |  | $ | 471,291 |  |  | $ | 238,129 |  |  | $ | 342,477 |  |  | $ | 75,186 |  |  |  |  | $ | 2,399,230 |  |
Special mention | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 7,902 |  |  | — |  |  |  |  | 7,902 |  |
Classified | 735 |  |  | 732 |  |  | 3,453 |  |  | 3,661 |  |  | 1,939 |  |  | 2,866 |  |  | 270 |  |  |  |  | 13,656 |  |
Total commercial real estate loans | $ | 54,655 |  |  | $ | 339,796 |  |  | $ | 882,616 |  |  | $ | 474,952 |  |  | $ | 240,068 |  |  | $ | 353,245 |  |  | $ | 75,456 |  |  |  |  | $ | 2,420,788 |  |
Year-to-date gross charge-offs | $ | — |  |  | $ | 11 |  |  | $ | 193 |  |  | $ | — |  |  | $ | 251 |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | 455 |  |
Construction/land/land development: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 33,939 |  |  | $ | 309,113 |  |  | $ | 485,551 |  |  | $ | 212,239 |  |  | $ | 20,392 |  |  | $ | 28,738 |  |  | $ | 45,460 |  |  |  |  | $ | 1,135,432 |  |
Special mention | — |  |  | 746 |  |  | 10,432 |  |  | 19,646 |  |  | 263 |  |  | — |  |  | — |  |  |  |  | 31,087 |  |
Classified | 126 |  |  | 186 |  |  | 228 |  |  | 119 |  |  | 232 |  |  | 1,187 |  |  | — |  |  |  |  | 2,078 |  |
Total construction/land/land development loans | $ | 34,065 |  |  | $ | 310,045 |  |  | $ | 496,211 |  |  | $ | 232,004 |  |  | $ | 20,887 |  |  | $ | 29,925 |  |  | $ | 45,460 |  |  |  |  | $ | 1,168,597 |  |
Year-to-date gross charge-offs | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |  |
Residential real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 27,372 |  |  | $ | 327,421 |  |  | $ | 533,926 |  |  | $ | 285,239 |  |  | $ | 233,821 |  |  | $ | 218,562 |  |  | $ | 91,462 |  |  |  |  | $ | 1,717,803 |  |
Special mention | — |  |  | — |  |  | — |  |  | — |  |  | 136 |  |  | — |  |  | — |  |  |  |  | 136 |  |
Classified | 867 |  |  | 1,944 |  |  | 2,433 |  |  | 2,962 |  |  | 1,193 |  |  | 5,553 |  |  | 406 |  |  |  |  | 15,358 |  |
Total residential real estate loans | $ | 28,239 |  |  | $ | 329,365 |  |  | $ | 536,359 |  |  | $ | 288,201 |  |  | $ | 235,150 |  |  | $ | 224,115 |  |  | $ | 91,868 |  |  |  |  | $ | 1,733,297 |  |
Year-to-date gross charge-offs | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |  |
Commercial and industrial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 128,195 |  |  | $ | 370,024 |  |  | $ | 237,053 |  |  | $ | 142,170 |  |  | $ | 31,382 |  |  | $ | 74,763 |  |  | $ | 1,110,563 |  |  |  |  | $ | 2,094,150 |  |
Special mention | — |  |  | 477 |  |  | 6,052 |  |  | — |  |  | — |  |  | — |  |  | 451 |  |  |  |  | 6,980 |  |
Classified | 1,919 |  |  | 2,921 |  |  | 1,827 |  |  | 9,619 |  |  | 782 |  |  | 712 |  |  | 35,241 |  |  |  |  | 53,021 |  |
Total commercial and industrial loans | $ | 130,114 |  |  | $ | 373,422 |  |  | $ | 244,932 |  |  | $ | 151,789 |  |  | $ | 32,164 |  |  | $ | 75,475 |  |  | $ | 1,146,255 |  |  |  |  | $ | 2,154,151 |  |
Year-to-date gross charge-offs | $ | — |  |  | $ | 536 |  |  | $ | 316 |  |  | $ | 79 |  |  | $ | 162 |  |  | $ | 154 |  |  | $ | 4,934 |  |  |  |  | $ | 6,181 |  |
Mortgage Warehouse Lines of Credit: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total mortgage warehouse lines of credit | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 400,995 |  |  |  |  | $ | 400,995 |  |
Year-to-date gross charge-offs | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |  |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 2,424 |  |  | $ | 8,578 |  |  | $ | 2,783 |  |  | $ | 830 |  |  | $ | 309 |  |  | $ | 416 |  |  | $ | 6,755 |  |  |  |  | $ | 22,095 |  |
Classified | — |  |  | 32 |  |  | 51 |  |  | 8 |  |  | — |  |  | — |  |  | 13 |  |  |  |  | 104 |  |
Total consumer loans | $ | 2,424 |  |  | $ | 8,610 |  |  | $ | 2,834 |  |  | $ | 838 |  |  | $ | 309 |  |  | $ | 416 |  |  | $ | 6,768 |  |  |  |  | $ | 22,199 |  |
Year-to-date gross charge-offs | $ | — |  |  | $ | — |  |  | $ | 10 |  |  | $ | 3 |  |  | $ | — |  |  | $ | — |  |  | $ | 34 |  |  |  |  | $ | 47 |  |
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) | 2023 |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | Prior |  | Revolving Loans Amortized Cost Basis |  |  |  | Total |
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 |  |
Classified | 726 |  |  | 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 mention | 746 |  |  | 10,462 |  |  | 19,811 |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | 31,019 |  |
Classified | 191 |  |  | 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 mention | 250 |  |  | — |  |  | — |  |  | 141 |  |  | — |  |  | — |  |  | — |  |  |  |  | 391 |  |
Classified | 689 |  |  | 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 mention | 498 |  |  | 6,383 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 650 |  |  |  |  | 7,531 |  |
Classified | 3,583 |  |  | 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 |  |
Classified | 35 |  |  | 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 |  |
Schedule of Loan Portfolio Aging Analysis | The following tables present the Company’s loan portfolio aging analysis at the dates indicated:
| March 31, 2024 |
(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 | $ | 2,477 |  |  | $ | 307 |  |  | $ | 579 |  |  | $ | 3,363 |  |  | $ | 2,417,425 |  |  | $ | 2,420,788 |  |  | $ | — |  |
Construction/land/land development | 132 |  |  | — |  |  | 123 |  |  | 255 |  |  | 1,168,342 |  |  | 1,168,597 |  |  | — |  |
Residential real estate | 7,192 |  |  | 679 |  |  | 5,424 |  |  | 13,295 |  |  | 1,720,002 |  |  | 1,733,297 |  |  | — |  |
Total real estate | 9,801 |  |  | 986 |  |  | 6,126 |  |  | 16,913 |  |  | 5,305,769 |  |  | 5,322,682 |  |  | — |  |
Commercial and industrial | 1,044 |  |  | 10,331 |  |  | 4,330 |  |  | 15,705 |  |  | 2,138,446 |  |  | 2,154,151 |  |  | — |  |
Mortgage warehouse lines of credit | — |  |  | — |  |  | — |  |  | — |  |  | 400,995 |  |  | 400,995 |  |  | — |  |
Consumer | 199 |  |  | 13 |  |  | 5 |  |  | 217 |  |  | 21,982 |  |  | 22,199 |  |  | — |  |
Total LHFI | $ | 11,044 |  |  | $ | 11,330 |  |  | $ | 10,461 |  |  | $ | 32,835 |  |  | $ | 7,867,192 |  |  | $ | 7,900,027 |  |  | $ | — |  |
| December 31, 2023
(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 | $ | 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 estate | 8,055 |  |  | 1,326 |  |  | 5,960 |  |  | 15,341 |  |  | 1,719,594 |  |  | 1,734,935 |  |  | — |
Total real estate | 11,153 |  |  | 1,353 |  |  | 5,973 |  |  | 18,479 |  |  | 5,229,415 |  |  | 5,247,894 |  |  | — |
Commercial and industrial | 1,221 |  |  | 713 |  |  | 5,417 |  |  | 7,351 |  |  | 2,052,109 |  |  | 2,059,460 |  |  | — |
Mortgage warehouse lines of credit | — |  |  | — |  |  | — |  |  | — |  |  | 329,966 |  |  | 329,966 |  |  | — |
Consumer | 200 |  |  | 10 |  |  | 3 |  |  | 213 |  |  | 23,411 |  |  | 23,624 |  |  | — |
Total LHFI | $ | 12,574 |  |  | $ | 2,076 |  |  | $ | 11,393 |  |  | $ | 26,043 |  |  | $ | 7,634,901 |  |  | $ | 7,660,944 |  |  | $ | — |
Schedule of Allowance for Loan Losses by Portfolio Segment | The following tables detail activity in the ALCL by portfolio segment. Accrued interest of $36.2 million and $28.5 million was not included in the book value for the purposes of calculating the allowance at March 31, 2024 and 2023, 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 March 31, 2024 |  |  |  |  |  |
| Commercial Real Estate |  | Construction/ Land/ Land Development |  | Residential Real Estate |  | Commercial and Industrial |  | Mortgage Warehouse Lines of Credit |  | Consumer |  | Total |  |  |  |  |  |  |
| (Dollars in thousands) |  |  |  |  |  |
Beginning balance | $ | 19,625 |  |  | $ | 9,990 |  |  | $ | 10,619 |  |  | $ | 55,330 |  |  | $ | 529 |  |  | $ | 775 |  |  | $ | 96,868 |  |  |  |  |  |  |  |
Charge-offs | 455 |  |  | — |  |  | — |  |  | 6,181 |  |  | — |  |  | 47 |  |  | 6,683 |  |  |  |  |  |  |  |
Recoveries | 30 |  |  | — |  |  | 4 |  |  | 4,064 |  |  | — |  |  | 3 |  |  | 4,101 |  |  |  |  |  |  |  |
Provision(1) | (1,656) |  |  | (11) |  |  | 11 |  |  | 5,610 |  |  | 132 |  |  | 3 |  |  | 4,089 |  |  |  |  |  |  |  |
Ending balance | $ | 17,544 |  |  | $ | 9,979 |  |  | $ | 10,634 |  |  | $ | 58,823 |  |  | $ | 661 |  |  | $ | 734 |  |  | $ | 98,375 |  |  |  |  |  |  |  |
Average balance | $ | 2,438,476 |  |  | $ | 1,130,355 |  |  | $ | 1,739,105 |  |  | $ | 2,121,502 |  |  | $ | 306,248 |  |  | $ | 23,319 |  |  | $ | 7,759,005 |  |  |  |  |  |  |  |
Net charge-offs to loan average balance (annualized) | 0.07 | % |  | — | % |  | — | % |  | 0.40 | % |  | — | % |  | 0.76 | % |  | 0.13 | % |  |  |  |  |  |  |
_________________________ (1)The $3.0 million provision for credit losses on the consolidated statement of income includes a $4.1 million provision for loan losses, a $1.0 million and $39,000 net benefit provision for off-balance sheet commitments and credit losses on held to maturity securities for the three months ended March 31, 2024. |  |  |  |  |  |  |
| Three Months Ended March 31, 2023 |  |  |  |  |  |  |  |  |
| Commercial Real Estate |  |  |  | Construction/ Land/ Land Development |  | Residential Real Estate |  | Commercial and Industrial |  | Mortgage Warehouse Lines of Credit |  | Consumer |  |  |  |  |  |  | Total |  |  |  |  |  |  |  |  |
| (Dollars in thousands) |  |  |  |  |  |  |  |  |
Beginning balance | $ | 19,772 |  |  |  |  | $ | 7,776 |  |  | $ | 8,230 |  |  | $ | 50,148 |  |  | $ | 379 |  |  | $ | 856 |  |  |  |  |  |  |  | $ | 87,161 |  |  |  |  |  |  |  |  |  |
Charge-offs | 42 |  |  |  |  | — |  |  | — |  |  | 2,169 |  |  | — |  |  | 82 |  |  |  |  |  |  |  | 2,293 |  |  |  |  |  |  |  |  |  |
Recoveries | 60 |  |  |  |  | — |  |  | 5 |  |  | 912 |  |  | — |  |  | 5 |  |  |  |  |  |  |  | 982 |  |  |  |  |  |  |  |  |  |
Provision(1) | 891 |  |  |  |  | 289 |  |  | 285 |  |  | 4,466 |  |  | 186 |  |  | 41 |  |  |  |  |  |  |  | 6,158 |  |  |  |  |  |  |  |  |  |
Ending balance | $ | 20,681 |  |  |  |  | $ | 8,065 |  |  | $ | 8,520 |  |  | $ | 53,357 |  |  | $ | 565 |  |  | $ | 820 |  |  |  |  |  |  |  | $ | 92,008 |  |  |  |  |  |  |  |  |  |
Average balance | $ | 2,342,545 |  |  |  |  | $ | 974,914 |  |  | $ | 1,519,325 |  |  | $ | 2,070,356 |  |  | $ | 213,201 |  |  | $ | 26,017 |  |  |  |  |  |  |  | $ | 7,146,358 |  |  |  |  |  |  |  |  |  |
Net charge-offs to loan average balance (annualized) | — | % |  |  |  | — | % |  | — | % |  | 0.25 | % |  | — | % |  | 1.20 | % |  |  |  |  |  |  | 0.07 | % |  |  |  |  |  |  |  |  |
_________________________ (1)The $6.2 million provision for credit losses on the consolidated statements of income includes a $6.2 million provision for loan losses, a $43,000 benefit for off-balance sheet commitments and an $82,000 provision for held to maturity securities credit losses for the three months ended March 31, 2023. |  |  |  |  |  |  |  |  |
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.
| March 31, 2024
(Dollars in thousands) | Commercial Real Estate |  | Construction/ Land/ Land Development |  | Residential Real Estate |  | Commercial and Industrial |  | Mortgage Warehouse Lines of Credit |  | Consumer |  | Total
Real Estate | $ | 2,358 |  |  | $ | 83 |  |  | $ | 11,796 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 14,237 |
Equipment | — |  |  | — |  |  | — |  |  | 69 |  |  | — |  |  | — |  |  | 69 |
Other | — |  |  | — |  |  | — |  |  | 425 |  |  | — |  |  | — |  |  | 425 |
Total | $ | 2,358 |  |  | $ | 83 |  |  | $ | 11,796 |  |  | $ | 494 |  |  | $ | — |  |  | $ | — |  |  | $ | 14,731 |
ALCL Allocation | $ | — |  |  | $ | — |  |  | $ | 122 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 122 |
| December 31, 2023
(Dollars in thousands) | Commercial Real Estate |  | Construction/ Land/ Land Development |  | Residential Real Estate |  | Commercial and Industrial |  | Mortgage Warehouse Lines of Credit |  | Consumer |  | Total
Real Estate | $ | 605 |  |  | $ | — |  |  | $ | 4,029 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 4,634 |
Equipment | — |  |  | — |  |  | — |  |  | 119 |  |  | — |  |  | — |  |  | 119 |
Other | — |  |  | — |  |  | — |  |  | 258 |  |  | — |  |  | — |  |  | 258 |
Total | $ | 605 |  |  | $ | — |  |  | $ | 4,029 |  |  | $ | 377 |  |  | $ | — |  |  | $ | — |  |  | $ | 5,011 |
ALCL Allocation | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
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: | March 31, 2024 |  | December 31, 2023 |  | March 31, 2024 |  | December 31, 2023 |
Commercial real estate | $ | 3,006 |  |  | $ | 746 |  |  | $ | 4,474 |  |  | $ | 786 |  |
Construction/land/land development | 179 |  |  | 96 |  |  | 383 |  |  | 305 |  |
Residential real estate | 12,489 |  |  | 5,695 |  |  | 14,918 |  |  | 13,037 |  |
Total real estate | 15,674 |  |  | 6,537 |  |  | 19,775 |  |  | 14,128 |  |
Commercial and industrial | 5,005 |  |  | 4,706 |  |  | 20,560 |  |  | 15,897 |  |
Mortgage warehouse lines of credit | — |  |  | — |  |  | — |  |  | — |  |
Consumer | — |  |  | — |  |  | 104 |  |  | 90 |  |
Total nonaccrual loans | $ | 20,679 |  |  | $ | 11,243 |  |  | $ | 40,439 |  |  | $ | 30,115 |  |
Schedule of Loans Classified as Troubled Debt Restructurings (TDRs) | The tables below summarize modifications made to borrowers experiencing financial difficulty by loan and modification type during the three months ended March 31, 2024 and 2023.
|  |  |  |  | Amortized Cost Basis at March 31, 2024 |
|  |  | Term Extension |  |  |  | Other-Than-Insignificant Payment Delay |  |  |
(Dollars in thousands) |  |  |  |  | Amortized Cost |  | % of Loans |  |  |  |  |  | Amortized Cost |  | % of Loans |  |  |  |  |
Loans secured by real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction/land/land development |  |  |  |  | $ | 1,462 |  |  | 0.13 | % |  |  |  |  |  | $ | — |  |  | — | % |  |  |  |  |
Residential real estate |  |  |  |  | 35 |  |  | — |  |  |  |  |  |  | — |  |  | — |  |  |  |  |  |
Total real estate |  |  |  |  | 1,497 |  |  | 0.03 |  |  |  |  |  |  | — |  |  | — |  |  |  |  |  |
Commercial and industrial |  |  |  |  | 7,312 |  |  | 0.34 |  |  |  |  |  |  | 35 |  |  | — |  |  |  |  |  |
Total |  |  |  |  | $ | 8,809 |  |  | 0.11 |  |  |  |  |  |  | $ | 35 |  |  | — |  |  |  |  |  |
|  |  |  |  | Amortized Cost Basis at March 31, 2023 |
|  |  | Term Extension |  |  |  |  |  |  |
(Dollars in thousands) |  |  |  |  | Amortized Cost |  | % of Loans |  |  |  |  |  |  |  |  |  |  |  |  |
Loans secured by real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate |  |  |  |  | $ | 2,230 |  |  | 0.09 | % |  |  |  |  |  |  |  |  |  |  |  |  |
Construction/land/land development |  |  |  |  | 3,346 |  |  | 0.35 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total real estate |  |  |  |  | 5,576 |  |  | 0.11 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  |  |  |  | 9,304 |  |  | 0.44 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total |  |  |  |  | $ | 14,880 |  |  | 0.20 |  |  |  |  |  |  |  |  |  |  |  |  |  |
The following tables describe the financial effect of the modification made to borrowers experiencing financial difficulty during the three months ended March 31, 2024 and 2023.
|  |  | Three Months Ended March 31, 2024
|  |  | Term Extension |  | Other-Than-Insignificant Payment Delay |  |
Construction/land/land development |  |  | Added a weighted average 3.9 months to the life of the modified loans |  | N/A |  |
Residential real estate |  |  | Added a weighted average 6.0 months to the life of the modified loans |  | N/A |  |
Commercial and industrial |  |  | Added a weighted average 6.0 months to the life of the modified loans |  | Delayed payment of weighted average 2.0 months |  |
|  |  | Three Months Ended March 31, 2023 |  |
|  |  | Term Extension |  |
Commercial real estate |  |  | Added a weighted average 4.1 months to the life of the modified loans |  |
Construction/land/land development |  |  | Added a weighted average 4.8 months to the life of the modified loans |  |
Commercial and industrial |  |  | Added a weighted average 3.6 months to the life of the modified loans |  |
The following table depicts the performance of loans that have been modified during the last twelve months ended March 31, 2024.
| Payment Status (Amortized Cost Basis) |  |  |
| March 31, 2024 |
(Dollars in thousands) | Current |  | 30-89 Days Past Due |  | 90 Days or More Past Due |  |  |
Loans secured by real estate: |  |  |  |  |  |  |  |
Commercial real estate | $ | 1,198 |  |  | $ | — |  |  | $ | 168 |  |  |  |
Construction/land/land development | 1,570 |  |  | — |  |  | 96 |  |  |  |
Residential real estate | 2,006 |  |  | 117 |  |  | 235 |  |  |  |
Total real estate | 4,774 |  |  | 117 |  |  | 499 |  |  |  |
Commercial and industrial | 15,511 |  |  | 90 |  |  | 631 |  |  |  |
Total LHFI | $ | 20,285 |  |  | $ | 207 |  |  | $ | 1,130 |  |  |  |

X
- Definition Financing Receivable Individually Evaluated To Determine Expected Credit Losses And ACL Allocation + References No definition available. + Details
Name: | obnk_FinancingReceivableIndividuallyEvaluatedToDetermineExpectedCreditLossesAndACLAllocationTableTextBlock
Namespace Prefix: | obnk_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-13 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-11B + Details
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-5 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-29 + Details
Name: | us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of aging analysis for financing receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-14 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 80 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479294/326-20-55-80 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-7 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7A -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-7A + Details
Name: | us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivable on nonaccrual status. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 16 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-16 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-7 + Details
Name: | us-gaap_ScheduleOfFinancingReceivablesNonAccrualStatusTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivable modified for debtor experiencing financial difficulty. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org//1943274/2147481933/310-10-55-12A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-42 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Subparagraph (a)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-42 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 33 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-33 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-34 + Details
Name: | us-gaap_TroubledDebtRestructuringsOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration