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Allowance for Credit Losses (Tables)
 12 Months Ended
Dec. 31, 2024
Credit Loss [Abstract]  
Schedule of Financing Receivable, Allowance for Credit Loss
The following tables present the activity in the ACL for the year ended December 31, 2024, including the impact of the allowance established for PCD loans, the activity in the ACL including the impact of the adoption of
CECL for the year ended December 31, 2023, and the activity in the ACL for the year ended December 31, 2022 (in thousands).
Commercial real estateOwner-occupied commercial real estateAcquisition, construction & developmentCommercial & industrialSingle family residential (1-4 units)Consumer non-real estate and otherUnallocatedTotal
December 31, 2024
Beginning balance, prior to adoption of CECL$20,633 $783 $368 $645 $2,797 $75 $— $25,301 
Allowance established for acquired PCD loans7,503 1,931 5,968 5,684 2,608 216 — 23,910 
Provision for (recapture of) credit losses2,675 547 11,050 566 4,465 1,172 — 20,475 
Charge-offs(382)— — (301)(190)(934)— (1,807)
Recoveries15 — — 39 83 24 — 161 
Balance, end of period$30,444 $3,261 $17,386 $6,633 $9,763 $553 $— $68,040 
Commercial real estateOwner-occupied commercial real estateAcquisition, construction & developmentCommercial & industrialSingle family residential (1-4 units)Consumer non-real estate and otherUnallocatedTotal
December 31, 2023
Balance, beginning of period$15,477 $635 $2,082 $438 $2,379 $28 $— $21,039 
Impact of adoption CECL2,686 (6)(640)237 1,661 187 — 4,125 
Provision for (recapture of) credit losses2,432 154 (1,074)(1)(1,295)19 — 235 
Charge-offs— — — (29)— (165)— (194)
Recoveries38 — — — 52 6 — 96 
Balance, end of period$20,633 $783 $368 $645 $2,797 $75 $— $25,301 
Commercial real estateOwner-occupied commercial real estateAcquisition, construction & developmentCommercial & industrialSingle family residential (1-4 units)Consumer non-real estate and otherUnallocatedTotal
December 31, 2022
Balance, beginning of period$25,112 $611 $2,189 $165 $2,434 $18 $1,180 $31,709 
Provision for (recapture of) loan losses(6,391)24 (107)293 (239)134 (1,180)(7,466)
Charge-offs(3,282)— — (20)— (148)— (3,450)
Recoveries38 — — — 184 24 — 246 
Balance, end of period$15,477 $635 $2,082 $438 $2,379 $28 $— $21,039 
The following tables present information about collateral-dependent loans that were individually evaluated for purposes of determining the ACL as of December 31, 2024 and December 31, 2023 (in thousands).
Collateral Dependent Loans
With AllowanceWith No Related AllowanceTotal
Amortized CostRelated AllowanceAmortized CostAmortized CostRelated Allowance
December 31, 2024
Commercial real estate$7,459 $4,791 $12,439 $19,898 $4,791 
Owner-occupied commercial real estate— — 1,833 1,833 — 
Acquisition, construction & development535 303 369 904 303 
Commercial & industrial983 734 348 1,331 734 
Single family residential (1-4 units)898 26 3,408 4,306 26 
Consumer non-real estate and other— — — — — 
Total$9,875 $5,854 $18,397 $28,272 $5,854 
Collateral Dependent Loans
With AllowanceWith No Related AllowanceTotal
Amortized CostRelated AllowanceAmortized CostAmortized CostRelated Allowance
December 31, 2023
Commercial real estate$— $— $— $— $— 
Owner-occupied commercial real estate— — 1,000 1,000 — 
Acquisition, construction & development— — — — — 
Commercial & industrial— — — — — 
Single family residential (1-4 units)— — 2,744 2,744 — 
Consumer non-real estate and other— — — — — 
Total$— $— $3,744 $3,744 $— 
Schedule of Financing Receivable, Past Due
The recorded investment in loans excludes accrued interest receivable and loan origination fees, net due to immateriality. The following table presents the aging of the recorded investment in past due loans as of December 31, 2024, and December 31, 2023, by portfolio segment (in thousands).
December 31, 2024
30 - 59 Days Past Due60 - 89 Days Past Due90 Days or More Past DueTotal Past DueCurrent LoansTotal Loans90 Days Past Due & Still AccruingNon-accrual loans
Commercial real estate$10,974 $— $8,440 $19,414 $2,618,388 $2,637,802 $— $19,183 
Owner-occupied commercial real estate1,160 1,636 5,240 8,036 606,326 614,362 307 5,760 
Acquisition, construction & development5,210 38 1,243 6,491 459,046 465,537 812 1,098 
Commercial & industrial1,654 1,594 1,469 4,717 608,368 613,085 350 1,757 
Single family residential (1-4 units)20,724 4,379 3,420 28,523 1,145,226 1,173,749 1,012 7,857 
Consumer non-real estate and other637 300 195 1,132 166,569 167,701 16 216 
Total$40,359 $7,947 $20,007 $68,313 $5,603,923 $5,672,236 $2,497 $35,871 
December 31, 2023
30 - 59 Days Past Due60 - 89 Days Past Due90 Days or More Past DueTotal Past DueCurrent LoansTotal Loans90 Days Past Due & Still AccruingNon-accrual loans
Commercial real estate$10,496 $— $— $10,496 $1,298,588 $1,309,084 $— $— 
Owner-occupied commercial real estate— — 790 790 130,591 131,381 — 1,000 
Acquisition, construction & development— — — — 49,091 49,091 — — 
Commercial & industrial195 364 — 559 67,288 67,847 — — 
Single family residential (1-4 units)1,657 289 1,532 3,478 524,502 527,980 — 2,744 
Consumer non-real estate and other3 — — 3 2,370 2,373 — — 
Total$12,351 $653 $2,322 $15,326 $2,072,430 $2,087,756 $— $3,744 
Schedule of Financing Receivable Credit Quality Indicators
The following table presents the amortized cost basis of the loan portfolio by year of origination, loan class, and credit quality, as of December 31, 2024 (in thousands).
Term Loans
20242023202220212020PriorRevolving LoansTotal
Commercial real estate
Pass$248,023 $378,322 $482,195 $337,136 $153,187 $588,490 $96,914 $2,284,267 
Special Mention— 7,148 30,018 52,885 7,154 57,255 28,211 182,671 
Substandard— 2,232 49,752 39,636 2,999 52,740 23,505 170,864 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total$248,023 $387,702 $561,965 $429,657 $163,340 $698,485 $148,630 $2,637,802 
Year to date gross charge-offs$— $— $— $— $— $382 $— $382.00 
Owner-occupied commercial real estate
Pass$61,433 $72,571 $93,941 $126,700 $36,197 $170,809 $32,452 $594,103 
Special Mention— — — 243 2,729 1,275 — 4,247 
Substandard— — 5,192 1,496 5,499 3,594 82 15,863 
Doubtful— — — — — 149 — 149 
Loss— — — — — — — — 
Total$61,433 $72,571 $99,133 $128,439 $44,425 $175,827 $32,534 $614,362 
Year to date gross charge-offs$— $— $— $— $— $— $— $— 
Acquisition, construction & development
Pass$25,461 $109,751 $90,652 $147,702 $3,564 $16,312 $15,107 $408,549 
Special Mention— — — 2,641 142 — — 2,783 
Substandard— 13,115 4,467 3,326 21,372 63 11,564 53,907 
Doubtful— — — — — — 298 298 
Loss— — — — — — — — 
Total$25,461 $122,866 $95,119 $153,669 $25,078 $16,375 $26,969 $465,537 
Year to date gross charge-offs$— $— $— $— $— $— $— $— 
Commercial & industrial
Pass$108,206 $57,280 $47,828 $35,189 $15,109 $28,019 $237,852 $529,483 
Special Mention365 — 35,237 10,898 1,505 — 16,856 64,861 
Substandard37 285 4,482 618 523 1,029 11,765 18,739 
Doubtful— — — — — — — — 
Loss— — — — — 2 — 2 
Total$108,608 $57,565 $87,547 $46,705 $17,137 $29,050 $266,473 $613,085 
Year to date gross charge-offs$— $10 $195 $87 $— $9 $— $301 
Single family residential (1-4 units)
Pass$88,857 $152,438 $201,410 $142,719 $77,783 $332,025 $170,077 $1,165,309 
Special Mention— — — — — 214 174 388 
Substandard— 1,494 800 586 605 3,935 437 7,857 
Doubtful— — — — — — — — 
Loss93 — — — — 1 101 195 
Total$88,950 $153,932 $202,210 $143,305 $78,388 $336,175 $170,789 $1,173,749 
Year to date gross charge-offs$— $39 $28 $— $— $123 $— $190 
Consumer non-real estate and other
Pass$21,095 $10,796 $6,122 $1,836 $1,096 $2,797 $123,148 $166,890 
Special Mention15 — — — — — — 15 
Substandard363 90 17 — — 17 — 487 
Doubtful— — — 5 3 — — 8 
Loss289 12 — — — — — 301 
Total$21,762 $10,898 $6,139 $1,841 $1,099 $2,814 $123,148 $167,701 
Year to date gross charge-offs$468 $71 $17 $1 $— $20 $357 $934 
Totals$554,237 $805,534 $1,052,113 $903,616 $329,467 $1,258,726 $768,543 $5,672,236 

The following table presents the amortized cost basis of the loan portfolio by year of origination, loan class, and credit quality, as of December 31, 2023 (in thousands).

Term Loans
20232022202120202019PriorRevolving LoansTotal
Commercial real estate
Pass$195,857 $261,817 $166,253 $22,791 $75,170 $416,774 $36,761 $1,175,423 
Special Mention— 12,235 35,449 — 4,876 — — 52,560 
Substandard— 15,420 12,847 — 2,209 50,625 — 81,101 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total$195,857 $289,472 $214,549 $22,791 $82,255 $467,399 $36,761 $1,309,084 
Year to date gross charge-offs$— $— $— $— $— $— $— $— 
Owner-occupied commercial real estate
Pass$9,309 $31,725 $11,229 $14,103 $10,279 $43,616 $6,184 $126,445 
Special Mention— — — — — — — — 
Substandard— 532 — — — 4,404 — 4,936 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total$9,309 $32,257 $11,229 $14,103 $10,279 $48,020 $6,184 $131,381 
Year to date gross charge-offs$— $— $— $— $— $— $— $— 
Acquisition, construction & development
Pass$8,535 $24,286 $13,698 $— $728 $241 $1,603 $49,091 
Special Mention— — — — — — — — 
Substandard— — — — — — — — 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total$8,535 $24,286 $13,698 $— $728 $241 $1,603 $49,091 
Year to date gross charge-offs$— $— $— $— $— $— $— $— 
Commercial & industrial
Pass$29,111 $15,204 $4,344 $162 $15 $1,335 $16,854 $67,025 
Special Mention— — — — — — — — 
Substandard— — 822 — — — — 822 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total$29,111 $15,204 $5,166 $162 $15 $1,335 $16,854 $67,847 
Year to date gross charge-offs$— $— $— $29 $— $— $— $29 
Single family residential (1-4 units)
Pass$78,222 $122,067 $60,202 $32,158 $40,938 $137,376 $54,273 $525,236 
Special Mention— — — — — — — — 
Substandard— — 291 243 — 2,171 39 2,744 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total$78,222 $122,067 $60,493 $32,401 $40,938 $139,547 $54,312 $527,980 
Year to date gross charge-offs$— $— $— $— $— $— $— $— 
Consumer non-real estate and other
Pass$334 $150 $43 $151 $386 $325 $984 $2,373 
Special Mention— — — — — — — — 
Substandard— — — — — — — — 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total$334 $150 $43 $151 $386 $325 $984 $2,373 
Year to date gross charge-offs$— $165 $— $— $— $— $— $165 
Totals$321,368 $483,436 $305,178 $69,608 $134,601 $656,867 $116,698 $2,087,756 
Schedule of Purchased Credit Deteriorated Loans The carrying amount of those loans, at acquisition, is as follows (in thousands):
Amounts
Purchase price of loans at acquisition$380,795 
Allowance for credit losses at acquisition23,910 
Non-credit discount/(premium) at acquisition37,640 
Par value of acquired loans at acquisition$442,345 
Schedule of Real Estate Owned
Real estate owned activity was as follows for the year ended December 31, 2024 (in thousands):
December 31, 2024
Beginning balance$— 
Loans acquired/transferred to real estate owned3,541 
Capital expenditures— 
Direct write-downs— 
Sales of real estate owned(758)
End of period balance$2,783