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Loans Receivable (Tables)

12 Months Ended

Dec. 31, 2023

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable

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

			December 31, 2023						December 31, 2022
			(Dollars in thousands)
Commercial business:
Commercial and industrial			$	718,291					$	693,568
Owner-occupied CRE			958,620						937,040
Non-owner occupied CRE			1,697,574						1,586,632
Total commercial business			3,374,485						3,217,240
Residential real estate			375,342						343,631
Real estate construction and land development:
Residential			78,610						80,074
Commercial and multifamily			335,819						214,038
Total real estate construction and land development			414,429						294,112
Consumer			171,371						195,875
Loans receivable			4,335,627						4,050,858
ACL on loans			(47,999)						(42,986)
Loans receivable, net			$	4,287,628					$	4,007,872
Balances included in the amortized cost of loans receivable:
Unamortized net discount on acquired loans			$	(1,923)					$	(2,501)
Unamortized net deferred fee			$	(11,063)					$	(10,016)

Schedule of Loans Receivable, Amortized Cost, by Risk Grade, Origination Year and Gross Charge-Offs

The following tables present the amortized cost of loans receivable by risk grade and origination year, and the gross charge-offs by loan class and origination year, at the dates indicated. The Company adopted the vintage disclosure requirements of ASU 2022-02 prospectively as described in Note 1 beginning January 1, 2023.

			December 31, 2023																																				Revolving Loans						Revolving Loans Converted(1)						Loans Receivable
			Term Loans Amortized Cost Basis by Origination Year
			2023						2022						2021						2020						2019						Prior
			(Dollars in thousands)
Commercial business:
Commercial and industrial
Pass			$	120,973					$	150,854					$	74,231					$	66,364					$	40,307					$	76,924					$	141,740					$	188					$	671,581
SM			—						2,495						104						292						4,556						1,458						9,124						—						18,029
SS			—						1,215						2,734						3,548						1,076						7,875						12,168						65						28,681
Total			120,973						154,564						77,069						70,204						45,939						86,257						163,032						253						718,291
Owner-occupied CRE
Pass			90,775						138,505						159,490						82,296						146,869						299,609						—						—						917,544
SM			—						—						2,219						2,775						705						16,266						—						—						21,965
SS			—						—						4,908						654						—						13,549						—						—						19,111
Total			90,775						138,505						166,617						85,725						147,574						329,424						—						—						958,620
Non-owner occupied CRE
Pass			153,239						260,431						216,811						157,424						239,928						628,489						—						—						1,656,322
SM			—						—						8,172						—						570						19,300						—						—						28,042
SS			—						598						—						—						—						12,612						—						—						13,210
Total			153,239						261,029						224,983						157,424						240,498						660,401						—						—						1,697,574
Total commercial business
Pass			364,987						549,790						450,532						306,084						427,104						1,005,022						141,740						188						3,245,447
SM			—						2,495						10,495						3,067						5,831						37,024						9,124						—						68,036
SS			—						1,813						7,642						4,202						1,076						34,036						12,168						65						61,002
Total			364,987						554,098						468,669						313,353						434,011						1,076,082						163,032						253						3,374,485
Commercial business gross charge-offs
Current period			—						—						254						323						27						115						—						—						719
Residential real estate
Pass			36,321						141,201						141,430						24,108						15,022						16,297						—						—						374,379
SS			—						—						801						—						—						162						—						—						963
Total			36,321						141,201						142,231						24,108						15,022						16,459						—						—						375,342
Real estate construction and land development:
Residential
Pass			41,663						24,760						1,050						1,289						804						719						1						—						70,286
SM			—						—						2,139						—						—						—						—						—						2,139
SS			1,000						319						4,866						—						—						—						—						—						6,185
Total			42,663						25,079						8,055						1,289						804						719						1						—						78,610
Commercial and multifamily
Pass			42,499						187,827						91,460						337						749						3,145						—						—						326,017
SM			—						—						—						3,777						5,660						365						—						—						9,802
Total			42,499						187,827						91,460						4,114						6,409						3,510						—						—						335,819
Total real estate construction and land development
Pass			84,162						212,587						92,510						1,626						1,553						3,864						1						—						396,303
SM			—						—						2,139						3,777						5,660						365						—						—						11,941
SS			1,000						319						4,866						—						—						—						—						—						6,185
Total			85,162						212,906						99,515						5,403						7,213						4,229						1						—						414,429

			December 31, 2023																																				Revolving Loans						Revolving Loans Converted(1)						Loans Receivable
			Term Loans Amortized Cost Basis by Origination Year
			2023						2022						2021						2020						2019						Prior
Consumer
Pass			1,897						1,980						293						6,221						15,841						20,402						122,007						1,123						169,764
SS			—						—						—						134						207						893						333						40						1,607
Total			1,897						1,980						293						6,355						16,048						21,295						122,340						1,163						171,371
Consumer gross charge-offs:
Current period			7						10						30						29						106						152						252						—						586
Loans receivable
Pass			487,367						905,558						684,765						338,039						459,520						1,045,585						263,748						1,311						4,185,893
SM			—						2,495						12,634						6,844						11,491						37,389						9,124						—						79,977
SS			1,000						2,132						13,309						4,336						1,283						35,091						12,501						105						69,757
Total			$	488,367					$	910,185					$	710,708					$	349,219					$	472,294					$	1,118,065					$	285,373					$	1,416					$	4,335,627
Gross charge-offs:
Total			$	7					$	10					$	284					$	352					$	133					$	267					$	252					$	—					$	1,305

(1) Represents the loans receivable balance at December 31, 2023 which was converted from a revolving loan to a non-revolving amortizing loan during the year ended December 31, 2023.

			December 31, 2022																																				Revolving Loans						Revolving Loans Converted(1)						Loans Receivable
			Term Loans Amortized Cost Basis by Origination Year
			2022						2021						2020						2019						2018						Prior
			(Dollars in thousands)
Commercial business:
Commercial and industrial
Pass			$	168,818					$	94,653					$	82,554					$	61,160					$	33,957					$	74,181					$	146,795					$	172					$	662,290
SM			212						109						443						4,637						362						4,447						5,433						—						15,643
SS			773						188						1,710						3,465						559						5,098						3,674						168						15,635
Total			169,803						94,950						84,707						69,262						34,878						83,726						155,902						340						693,568
Owner-occupied CRE
Pass			134,432						167,927						93,834						157,096						62,876						282,212						—						—						898,377
SM			—						1,744						—						—						2,540						16,664						—						247						21,195
SS			—						—						671						—						3,722						13,075						—						—						17,468
Total			134,432						169,671						94,505						157,096						69,138						311,951						—						247						937,040
Non-owner-occupied CRE
Pass			240,151						189,300						160,930						258,778						121,369						561,645						—						—						1,532,173
SM			—						8,349						—						4,172						—						12,190						—						—						24,711
SS			—						—						—						—						3,627						26,121						—						—						29,748
Total			240,151						197,649						160,930						262,950						124,996						599,956						—						—						1,586,632
Total commercial business
Pass			543,401						451,880						337,318						477,034						218,202						918,038						146,795						172						3,092,840
SM			212						10,202						443						8,809						2,902						33,301						5,433						247						61,549
SS			773						188						2,381						3,465						7,908						44,294						3,674						168						62,851
Total			544,386						462,270						340,142						489,308						229,012						995,633						155,902						587						3,217,240

			December 31, 2022																																				Revolving Loans						Revolving Loans Converted(1)						Loans Receivable
			Term Loans Amortized Cost Basis by Origination Year
			2022						2021						2020						2019						2018						Prior
Residential real estate
Pass			132,510						149,934						24,668						16,803						4,207						15,337						—						—						343,459
SS			—						—						—						—						—						172						—						—						172
Total			132,510						149,934						24,668						16,803						4,207						15,509						—						—						343,631
Real estate construction and land development:
Residential
Pass			45,521						26,675						2,891						3,061						871						1,055						—						—						80,074
Commercial and multifamily
Pass			71,168						123,626						6,272						1,084						2,562						995						—						—						205,707
SM			—						—						2,213						5,687						—						—						—						—						7,900
SS			—						—						—						37						—						394						—						—						431
Total			71,168						123,626						8,485						6,808						2,562						1,389						—						—						214,038
Total real estate construction and land development
Pass			116,689						150,301						9,163						4,145						3,433						2,050						—						—						285,781
SM			—						—						2,213						5,687						—						—						—						—						7,900
SS			—						—						—						37						—						394						—						—						431
Total			116,689						150,301						11,376						9,869						3,433						2,444						—						—						294,112
Consumer
Pass			3,379						509						9,848						27,370						15,563						19,855						116,605						435						193,564
SS			—						—						168						559						320						1,120						44						100						2,311
Total			3,379						509						10,016						27,929						15,883						20,975						116,649						535						195,875
Loans receivable
Pass			795,979						752,624						380,997						525,352						241,405						955,280						263,400						607						3,915,644
SM			212						10,202						2,656						14,496						2,902						33,301						5,433						247						69,449
SS			773						188						2,549						4,061						8,228						45,980						3,718						268						65,765
Total			$	796,964					$	763,014					$	386,202					$	543,909					$	252,535					$	1,034,561					$	272,551					$	1,122					$	4,050,858

(1) Represents the loans receivable balance at December 31, 2022 which was converted from a revolving loan to a non-revolving amortizing loan during the year ended December 31, 2022

Summary of Amortized Cost of Nonaccrual Loans

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

			December 31, 2023
			Nonaccrual without ACL						Nonaccrual with ACL						Total Nonaccrual
			(Dollars in thousands)
Commercial business:
Commercial and industrial			$	1,706					$	2,557					$	4,263
Owner-occupied CRE			—						205						205
Total commercial business			1,706						2,762						4,468
Total			$	1,706					$	2,762					$	4,468

			December 31, 2022
			Nonaccrual without ACL						Nonaccrual with ACL						Total Nonaccrual
			(Dollars in thousands)
Commercial business:
Commercial and industrial			$	4,503					$	1,154					$	5,657

			December 31, 2022
			Nonaccrual without ACL						Nonaccrual with ACL						Total Nonaccrual
			(Dollars in thousands)
Owner-occupied CRE			—						212						212
Total commercial business			4,503						1,366						5,869
Real estate construction and land development:
Commercial and multifamily			—						37						37
Total			$	4,503					$	1,403					$	5,906

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:

			Year Ended December 31, 2023												Year Ended December 31, 2022
			Interest Income Reversed						Interest Income Recognized						Interest Income Reversed						Interest Income Recognized
			(Dollars in thousands)
Commercial business:
Commercial and industrial			$	(61)					$	347					$	(14)					$	263
Owner-occupied CRE			—						—						—						53
Non-owner occupied CRE			—						—						—						774
Total commercial business			(61)						347						(14)						1,090
Residential real estate			—						—						—						19
Real estate construction and land development:
Commercial and multifamily			—						—						(14)						65
Consumer			—						—						—						68
Total			$	(61)					$	347					$	(28)					$	1,242

Summary of Amortized Cost of Past Due Loans

The following tables present the amortized cost of past due loans at the dates indicated:

			December 31, 2023
			30-89 Days						90 Days  or Greater						Total Past  Due						Current						Loans Receivable
			(Dollars in thousands)
Commercial business:
Commercial and industrial			$	2,289					$	3,857					$	6,146					$	712,145					$	718,291
Owner-occupied CRE			—						189						189						958,431						958,620
Non-owner occupied CRE			1,489						—						1,489						1,696,085						1,697,574
Total commercial business			3,778						4,046						7,824						3,366,661						3,374,485
Residential real estate			162						—						162						375,180						375,342
Real estate construction and land development:
Residential			—						319						319						78,291						78,610
Commercial and multifamily			—						—						—						335,819						335,819
Total real estate construction and land development			—						319						319						414,110						414,429
Consumer			615						87						702						170,669						171,371
Total			$	4,555					$	4,452					$	9,007					$	4,326,620					$	4,335,627

			December 31, 2022
			30-89 Days						90 Days or Greater						Total Past  Due						Current						Loans Receivable
			(Dollars in thousands)
Commercial business:
Commercial and industrial			$	822					$	6,104					$	6,926					$	686,642					$	693,568
Owner-occupied CRE			—						189						189						936,851						937,040
Non-owner occupied CRE			—						—						—						1,586,632						1,586,632
Total commercial business			822						6,293						7,115						3,210,125						3,217,240
Residential real estate			3,066						—						3,066						340,565						343,631
Real estate construction and land development:
Residential			—						—						—						80,074						80,074
Commercial and multifamily			—						—						—						214,038						214,038
Total real estate construction and land development			—						—						—						294,112						294,112
Consumer			1,561						—						1,561						194,314						195,875
Total			$	5,449					$	6,293					$	11,742					$	4,039,116					$	4,050,858

Schedule of Collateral Dependent Loans

The following tables present 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 at the dates indicated, 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:

			December 31, 2023
			CRE						Farmland						Residential Real Estate						Equipment						Total
			(Dollars in thousands)
Commercial business:
Commercial and industrial			$	260					$	389					$	621					$	304					$	1,574
Owner-occupied CRE			189						—						—						—						189
Total commercial business			449						389						621						304						1,763
Total			$	449					$	389					$	621					$	304					$	1,763

			December 31, 2022
			CRE						Farmland						Residential Real Estate												Total
			(Dollars in thousands)
Commercial business:
Commercial and industrial			$	1,239					$	1,977					$	929											$	4,145
Owner-occupied CRE			189						—						—												189
Total commercial business			1,428						1,977						929												4,334
Total			$	1,428					$	1,977					$	929											$	4,334

Schedule of Loan Modifications

The following table presents loan modifications by type of modification at amortized cost that were modified as a result of experiencing both financial difficulty and modified during the period indicated:

									Year Ended December 31, 2023
									Term Extension																		Term Extension & Int. Rate Reduction						Total Modified Loans						% of Modified Loans to Loans Receivable, net
												(Dollars in thousands)
Commercial business:
Commercial and industrial									$	16,822																	$	—					$	16,822					2.34		%
Owner-occupied CRE									209																		—						$	209					0.02
Non-owner occupied CRE									2,701																		237						2,938						0.17
Total commercial business									19,732																		237						19,969						0.59
Real estate construction and land development:
Residential									5,866																		—						5,866						7.46
Commercial and multifamily									3,777																		—						3,777						1.12
Total real estate construction and land development									9,643																		—						9,643						2.33
Consumer									26																		15						41						0.02
Total									$	29,401																	$	252					$	29,653					0.68		%

The following tables present the financial effect of the loan modifications presented in the preceding table during the periods indicated:

															Year Ended December 31, 2023
															Weighted Average % of Interest Rate Reductions						Weighted Average Years of Term Extensions
Commercial business:
Commercial and industrial															—		%				0.48
Owner-occupied CRE															—		%				0.75
Non-owner occupied CRE															3.00						1.09
Total commercial business															3.00						0.57
Real estate construction and land development:
Commercial and multifamily															—						0.83
Consumer															1.00						2.64
Total															3.00		%				0.61

Summary of Related Party Activity Loans

The following table presents the activity in related party loans during the periods indicated:

			Year Ended December 31,
			2023						2022						2021
			(Dollars in thousands)
Balance outstanding at the beginning of year			$	6,879					$	7,122					$	7,694
Principal additions			122						—						—

Principal reductions			(252)						(243)						(572)
Balance outstanding at the end of year			$	6,749					$	6,879					$	7,122

Summary of Loans Serviced

The following table presents the details of loans serviced for others at the dates indicated:

			December 31, 2023						December 31, 2022
			(Dollars in thousands)
Loans serviced for others with participating interest, gross loan balance			$	11,715					$	17,375
Loans serviced for others with participating interest, participation balance owned by Company (1)			2,466						3,791

(1) Included in the balance of "Loans receivable" on the Consolidated Statements of Financial Condition.

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Amortized Cost of Collateral Dependent Loans By Class

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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
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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
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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
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