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Loans Receivable (Tables)

9 Months Ended

Sep. 30, 2022

Loans and Leases Receivable Disclosure [Abstract]

Financing Receivable Credit Quality Indicators [Table Text Block]

The amortized cost of loans receivable, net of ACL on loans, consisted of the following portfolio segments and classes at the dates indicated:

			September 30, 2022						December 31, 2021
			(In thousands)
Commercial business:
Commercial and industrial			$	735,028					$	621,567
SBA PPP			3,593						145,840
Owner-occupied CRE			959,486						931,150
Non-owner occupied CRE			1,547,114						1,493,099
Total commercial business			3,245,221						3,191,656
Residential real estate			296,019						164,582
Real estate construction and land development:
Residential			92,297						85,547
Commercial and multifamily			160,723						141,336
Total real estate construction and land development			253,020						226,883
Consumer			207,035						232,541
Loans receivable			4,001,295						3,815,662
Allowance for credit losses on loans			(42,089)						(42,361)
Loans receivable, net			$	3,959,206					$	3,773,301
Balances included in the amortized cost of loans receivable:
Unamortized net discount on acquired loans			$	2,686					$	3,938
Unamortized net deferred fee			$	5,479					$	7,954

The following table presents the amortized cost of loans receivable by risk grade at the dates indicated:

			September 30, 2022
			Term Loans Amortized Cost Basis by Origination Year																																				Revolving Loans						Revolving Loans Converted (1)						Loans Receivable
			2022						2021						2020						2019						2018						Prior
			(In thousands)
Commercial business:
Commercial and industrial
Pass			$	133,352					$	97,240					$	89,078					$	68,237					$	36,505					$	83,371					$	193,558					$	108					$	701,449
SM			223						—						715						4,759						1,898						5,311						6,678						—						19,584
SS			764						275						1,057						3,141						687						5,381						2,322						368						13,995
Total			134,339						97,515						90,850						76,137						39,090						94,063						202,558						476						735,028
SBA PPP
Pass			—						3,455						138						—						—						—						—						—						3,593
Owner-occupied CRE
Pass			111,751						168,437						93,272						172,494						71,795						302,107						—						—						919,856
SM			—						1,009						—						1,237						2,558						16,313						—						—						21,117
SS			—						259						675						—						3,739						13,840						—						—						18,513
Total			111,751						169,705						93,947						173,731						78,092						332,260						—						—						959,486
Non-owner occupied CRE
Pass			182,804						189,307						162,954						240,088						133,478						571,457						—						—						1,480,088
SM			—						8,392						—						3,619						—						24,127						—						—						36,138
SS			—						—						—						—						3,627						27,261						—						—						30,888
Total			182,804						197,699						162,954						243,707						137,105						622,845						—						—						1,547,114
Total commercial business
Pass			427,907						458,439						345,442						480,819						241,778						956,935						193,558						108						3,104,986
SM			223						9,401						715						9,615						4,456						45,751						6,678						—						76,839
SS			764						534						1,732						3,141						8,053						46,482						2,322						368						63,396
Total			428,894						468,374						347,889						493,575						254,287						1,049,168						202,558						476						3,245,221
Residential real estate
Pass(1)			94,144						140,093						24,191						17,030						4,501						15,885						—						—						295,844
SS			—						—						—						—						—						175						—						—						175
Total			94,144						140,093						24,191						17,030						4,501						16,060						—						—						296,019
Real estate construction and land development:
Residential
Pass			33,244						37,666						7,617						11,810						885						1,075						—						—						92,297
Commercial and multifamily
Pass			36,362						103,541						7,601						1,096						2,565						1,513						—						—						152,678
SM			—						—						1,913						5,687						—						—						—						—						7,600
SS			—						—						—						45						—						400						—						—						445
Total			36,362						103,541						9,514						6,828						2,565						1,913						—						—						160,723
Total real estate construction and land development
Pass			69,606						141,207						15,218						12,906						3,450						2,588						—						—						244,975
SM			—						—						1,913						5,687						—						—						—						—						7,600
SS			—						—						—						45						—						400						—						—						445
Total			69,606						141,207						17,131						18,638						3,450						2,988						—						—						253,020
Consumer
Pass			3,266						616						11,078						31,077						18,201						22,828						117,070						539						204,675

			September 30, 2022
			Term Loans Amortized Cost Basis by Origination Year																																				Revolving Loans						Revolving Loans Converted (1)						Loans Receivable
			2022						2021						2020						2019						2018						Prior
SS			—						—						164						582						361						1,241						11						1						2,360
Total			3,266						616						11,242						31,659						18,562						24,069						117,081						540						207,035
Loans receivable
Pass			594,923						740,355						395,929						541,832						267,930						998,236						310,628						647						3,850,480
SM			223						9,401						2,628						15,302						4,456						45,751						6,678						—						84,439
SS			764						534						1,896						3,768						8,414						48,298						2,333						369						66,376
Total			$	595,910					$	750,290					$	400,453					$	560,902					$	280,800					$	1,092,285					$	319,639					$	1,016					$	4,001,295

(1) Represents the loans receivable balance at September 30, 2022 which was converted from a revolving loan to an amortizing loan during the nine months ended September 30, 2022.

			December 31, 2021
			Term Loans Amortized Cost Basis by Origination Year																																				Revolving Loans						Revolving Loans Converted (1)						Loans Receivable
			2021						2020						2019						2018						2017						Prior
			(In thousands)
Commercial business:
Commercial and industrial
Pass			$	95,960					$	100,193					$	94,657					$	54,707					$	28,558					$	77,294					$	127,651					$	1,035					$	580,055
SM			326						884						5,998						1,425						2,223						2,401						2,048						353						15,658
SS			1,443						1,287						5,912						2,809						2,526						6,907						4,402						568						25,854
Total			97,729						102,364						106,567						58,941						33,307						86,602						134,101						1,956						621,567
SBA PPP
Pass			139,253						6,587						—						—						—						—						—						—						145,840
Owner-occupied CRE
Pass			182,742						90,609						188,380						73,714						66,039						273,518						—						72						875,074
SM			264						—						3,079						7,521						3,937						16,724						—						—						31,525
SS			—						1,332						—						3,787						3,014						16,418						—						—						24,551
Total			183,006						91,941						191,459						85,022						72,990						306,660						—						72						931,150
Non-owner-occupied CRE
Pass			187,860						185,650						244,863						149,090						144,896						499,486						—						—						1,411,845
SM			—						—						5,674						—						15,482						2,400						—						—						23,556
SS			—						—						—						3,379						—						54,319						—						—						57,698
Total			187,860						185,650						250,537						152,469						160,378						556,205						—						—						1,493,099
Total commercial business
Pass			605,815						383,039						527,900						277,511						239,493						850,298						127,651						1,107						3,012,814
SM			590						884						14,751						8,946						21,642						21,525						2,048						353						70,739
SS			1,443						2,619						5,912						9,975						5,540						77,644						4,402						568						108,103
Total			607,848						386,542						548,563						296,432						266,675						949,467						134,101						2,028						3,191,656
Residential real estate
Pass			85,089						27,090						23,295						5,672						6,141						16,891						—						—						164,178
SS			—						—						—						—						—						404						—						—						404
Total			85,089						27,090						23,295						5,672						6,141						17,295						—						—						164,582
Real estate construction and land development:
Residential
Pass			44,892						23,728						12,266						2,921						389						1,351						—						—						85,547

			December 31, 2021
			Term Loans Amortized Cost Basis by Origination Year																																				Revolving Loans						Revolving Loans Converted (1)						Loans Receivable
			2021						2020						2019						2018						2017						Prior
			(In thousands)
Commercial and multifamily
Pass			56,448						41,616						34,117						5,794						710						1,379						—						—						140,064
SM			—						—						68						—						—						213						—						—						281
SS			—						571						—						—						—						420						—						—						991
Total			56,448						42,187						34,185						5,794						710						2,012						—						—						141,336
Total real estate construction and land development
Pass			101,340						65,344						46,383						8,715						1,099						2,730						—						—						225,611
SM			—						—						68						—						—						213						—						—						281
SS			—						571						—						—						—						420						—						—						991
Total			101,340						65,915						46,451						8,715						1,099						3,363						—						—						226,883
Consumer
Pass			1,286						15,737						46,041						29,819						15,068						13,026						108,492						120						229,589
SS			—						181						657						476						542						1,043						36						17						2,952
Total			1,286						15,918						46,698						30,295						15,610						14,069						108,528						137						232,541
Loans receivable
Pass			793,530						491,210						643,619						321,717						261,801						882,945						236,143						1,227						3,632,192
SM			590						884						14,819						8,946						21,642						21,738						2,048						353						71,020
SS			1,443						3,371						6,569						10,451						6,082						79,511						4,438						585						112,450
Total			$	795,563					$	495,465					$	665,007					$	341,114					$	289,525					$	984,194					$	242,629					$	2,165					$	3,815,662

(1) Represents the loans receivable balance at December 31, 2021 which was converted from a revolving loan to an amortizing loan during the year ended December 31, 2021.

Schedule of nonaccrual loans

The following tables present the amortized cost of nonaccrual loans for the dates indicated:

			September 30, 2022
			Nonaccrual without ACL						Nonaccrual with ACL						Total Nonaccrual
			(In thousands)
Commercial business:
Commercial and industrial			$	5,060					$	299					$	5,359
Owner-occupied CRE			—						875						875
Total			$	5,060					$	1,174					$	6,234

			December 31, 2021
			Nonaccrual without ACL						Nonaccrual with ACL						Total Nonaccrual
			(In thousands)
Commercial business:
Commercial and industrial			$	6,454					$	3,827					$	10,281
Owner-occupied CRE			3,036						5,138						8,174
Non-owner occupied CRE			1,273						3,379						4,652
Total commercial business			10,763						12,344						23,107
Residential real estate			—						47						47
Real estate construction and land development:
Commercial and multifamily			—						571						571
Consumer			—						29						29
Total			$	10,763					$	12,991					$	23,754

The following table presents the reversal of interest income on loans due to the write-off of accrued interest receivable upon the initial classification of loans as nonaccrual loans and the interest income recognized due to payment in full or sale of previously classified nonaccrual loans during the following periods:

			Three Months Ended September 30, 2022												Three Months Ended September 30, 2021
			Interest Income Reversed						Interest Income Recognized						Interest Income Reversed						Interest Income Recognized
			(In thousands)
Commercial business:
Commercial and industrial			$	—					$	31					$	(1)					$	184
Consumer			—						—						—						32
Total			$	—					$	31					$	(1)					$	216

			Nine Months Ended September 30, 2022												Nine Months Ended September 30, 2021
			Interest Income Reversed						Interest Income Recognized						Interest Income Reversed						Interest Income Recognized
			(in thousands)
Commercial business:
Commercial and industrial			$	(14)					$	260					$	(11)					$	2,228
Owner-occupied CRE			—						53						—						117
Non-owner occupied CRE			—						774						—						313
Total commercial business			(14)						1,087						(11)						2,658
Residential real estate			—						19						—						—
Real estate construction and land development:
Residential			—						—						—						73
Consumer			—						68						—						32
Total			$	(14)					$	1,174					$	(11)					$	2,763

Financing Receivable, Past Due [Table Text Block]

The amortized cost of past due loans as of September 30, 2022 and December 31, 2021 were as follows:

			September 30, 2022
			30-89 Days						90 Days or Greater						Total Past  Due						Current						Loans Receivable
			(In thousands)
Commercial business:
Commercial and industrial			$	1,774					$	4,130					$	5,904					$	729,124					$	735,028
SBA PPP			167						—						167						3,426						3,593
Owner-occupied CRE			30						189						219						959,267						959,486
Non-owner occupied CRE			296						—						296						1,546,818						1,547,114
Total commercial business			2,267						4,319						6,586						3,238,635						3,245,221
Residential real estate			—						—						—						296,019						296,019
Real estate construction and land development:
Residential			—						—						—						92,297						92,297
Commercial and multifamily			—						—						—						160,723						160,723
Total real estate construction and land development			—						—						—						253,020						253,020

			September 30, 2022
			30-89 Days						90 Days or Greater						Total Past  Due						Current						Loans Receivable
			(In thousands)
Consumer			736						20						756						206,279						207,035
Total			$	3,003					$	4,339					$	7,342					$	3,993,953					$	4,001,295

			December 31, 2021
			30-89 Days						90 Days or Greater						Total Past  Due						Current						Loans Receivable
			(In thousands)
Commercial business:
Commercial and industrial			$	1,858					$	6,821					$	8,679					$	612,888					$	621,567
SBA PPP			223						293						516						145,324						145,840
Owner-occupied CRE			2,397						112						2,509						928,641						931,150
Non-owner occupied CRE			—						—						—						1,493,099						1,493,099
Total commercial business			4,478						7,226						11,704						3,179,952						3,191,656
Residential real estate			420						10						430						164,152						164,582
Real estate construction and land development:
Residential			792						—						792						84,755						85,547
Commercial and multifamily			3,474						571						4,045						137,291						141,336
Total real estate construction and land development			4,266						571						4,837						222,046						226,883
Consumer			1,026						—						1,026						231,515						232,541
Total			$	10,190					$	7,807					$	17,997					$	3,797,665					$	3,815,662

Loans and Lease Receivable Collateral for Secured Borrowings [Table Text Block]

The type of collateral securing loans individually evaluated for credit losses and for which the repayment was expected to be provided substantially through the operation or sale of the collateral as of September 30, 2022 and December 31, 2021 was as follows, with balances representing the amortized cost of the loan classified by the primary collateral category of each loan if multiple collateral sources secure the loan:

			September 30, 2022
			CRE						Farmland						Residential Real Estate												Total
			(In thousands)
Commercial business:
Commercial and industrial			$	1,239					$	2,082					$	1,271											$	4,592
Owner-occupied CRE			189						—						—												189
Total			$	1,428					$	2,082					$	1,271											$	4,781

			December 31, 2021
			CRE						Farmland						Residential Real Estate						Other						Total
			(In thousands)
Commercial business:
Commercial and industrial			$	1,499					$	4,362					$	1,036					$	245					$	7,142
Owner-occupied CRE			3,035						—						—						—						3,035
Non-owner occupied CRE			1,273						—						—						—						1,273
Total commercial business			5,807						4,362						1,036						245						11,450
Real estate construction and land development:

			December 31, 2021
			CRE						Farmland						Residential Real Estate						Other						Total
			(In thousands)
Commercial and multifamily			571						—						—						—						571
Total			$	6,378					$	4,362					$	1,036					$	245					$	12,021

Troubled debt restructurings on financing receivables

Loans that were modified as TDR loans are set forth in the following table for the periods indicated:

			Three Months Ended September 30,
			2022												2021
			Number of Contracts						Amortized Cost (1) (2)						Number of Contracts						Amortized Cost (1) (2)
			(Dollars in thousands)
Commercial business:
Commercial and industrial			4						$	2,150					5						$	1,861
Owner-occupied CRE			—						—						2						7,124
Non-owner occupied CRE			—						—						—						—
Total commercial business			4						2,150						7						8,985
Real estate construction and land development:
Commercial and multifamily			1						5,687						1						450
Consumer			2						238						5						94
Total			7						$	8,075					13						$	9,529

			Nine Months Ended September 30,
			2022												2021
			Number of Contracts						Amortized Cost (1) (2)						Number of Contracts						Amortized Cost (1) (2)
			(Dollars in thousands)
Commercial business:
Commercial and industrial			8						$	3,119					32						$	10,380
Owner-occupied CRE			—						—						6						16,710
Non-owner occupied CRE			—						—						3						5,673
Total commercial business			8						3,119						41						32,763
Residential real estate			—						—						1						180
Real estate construction and land development:
Commercial and multifamily			1						5,687						1						450
Consumer			9						307						22						487
Total			18						$	9,113					65						$	33,880

(1) Number of contracts and amortized cost represent loans which have balances as of period end, net of subsequent payments after modifications. Certain TDR loans may have been paid-down or charged-off during the nine months ended September 30, 2022 and 2021.

(2) As the Bank did not forgive any principal or interest balance as part of the loan modifications, the Bank’s amortized cost in each loan at the date of modification (pre-modification) did not change as a result of the modification (post-modification).

Troubled debt restructuring loans, subsequently defaulted

The following table presents loans that were modified in a TDR and subsequently defaulted within twelve months from the modification date during the periods indicated:

			Three Months Ended September 30,
			2022												2021
			Number of Contracts (1)						Amortized Cost (1)						Number of Contracts (1)						Amortized Cost (1)
			(Dollars in thousands)
Commercial business:
Commercial and industrial			—						$	—					1						$	336

			Nine Months Ended September 30,
			2022												2021
			Number of Contracts (1)						Amortized Cost (1)						Number of Contracts (1)						Amortized Cost (1)
			(Dollars in thousands)
Commercial business:
Commercial and industrial			—						$	—					3						$	976
Owner-occupied CRE			1						189						—						—

(1) Number of contracts and amortized cost represent TDR loans which have balances as of period end, net of subsequent payments after modifications. Certain TDR loans may have been paid-down or charged-off during the nine months ended September 30, 2022 and 2021.

X

- Definition

Credit Loss, Financial Instrument

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Troubled debt restructurings loans subsequently defaulted.

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919230-210447

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 29
-URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953659-111524

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X

- References

No definition available.

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
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X

- Definition

Tabular disclosure of aging analysis for financing receivable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 14
-URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919253-210447

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
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