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Allowance for Loan Losses (Tables) | 9 Months Ended
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Sep. 30, 2024
Allowance for Credit Loss [Abstract] |
Schedule of Changes in Allowance For Credit Losses on Loans Receivable and Unfunded Commitments | The following tables detail the activity in the ACL on loans by segment and class for the periods indicated:
| Three Months Ended September 30, 2024
| Beginning Balance |  | Charge-offs |  | Recoveries |  | (Reversal of) Provision for Credit Losses |  | Ending Balance
| (Dollars in thousands)
Commercial business: |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | 11,134 |  |  | $ | (50) |  |  | $ | 72 |  |  | $ | (472) |  |  | $ | 10,684 |
Owner-occupied CRE | 9,850 |  |  | (2,510) |  |  | — |  |  | 4,819 |  |  | 12,159 |
Non-owner occupied CRE | 13,483 |  |  | — |  |  | — |  |  | 841 |  |  | 14,324 |
Total commercial business | 34,467 |  |  | (2,560) |  |  | 72 |  |  | 5,188 |  |  | 37,167 |
Residential real estate | 3,735 |  |  | — |  |  | — |  |  | (131) |  |  | 3,604 |
Real estate construction and land development:
Residential | 910 |  |  | — |  |  | — |  |  | (118) |  |  | 792 |
Commercial and multifamily | 9,908 |  |  | — |  |  | — |  |  | (2,235) |  |  | 7,673 |
Total real estate construction and land development | 10,818 |  |  | — |  |  | — |  |  | (2,353) |  |  | 8,465 |
Consumer | 2,199 |  |  | (85) |  |  | 40 |  |  | 1 |  |  | 2,155 |
Total | $ | 51,219 |  |  | $ | (2,645) |  |  | $ | 112 |  |  | $ | 2,705 |  |  | $ | 51,391 |
| Nine Months Ended September 30, 2024
| Beginning Balance |  | Charge-offs |  | Recoveries |  | Provision for (Reversal of) Credit Losses |  | Ending Balance
| (Dollars in thousands)
Commercial business: |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | 11,128 |  |  | $ | (439) |  |  | $ | 448 |  |  | $ | (453) |  |  | $ | 10,684 |
Owner-occupied CRE | 8,999 |  |  | (2,510) |  |  | 359 |  |  | 5,311 |  |  | 12,159 |
Non-owner occupied CRE | 11,176 |  |  | — |  |  | — |  |  | 3,148 |  |  | 14,324 |
Total commercial business | 31,303 |  |  | (2,949) |  |  | 807 |  |  | 8,006 |  |  | 37,167 |
Residential real estate | 3,473 |  |  | — |  |  | — |  |  | 131 |  |  | 3,604 |
Real estate construction and land development:
Residential | 1,643 |  |  | — |  |  | — |  |  | (851) |  |  | 792 |
Commercial and multifamily | 9,233 |  |  | — |  |  | — |  |  | (1,560) |  |  | 7,673 |
Total real estate construction and land development | 10,876 |  |  | — |  |  | — |  |  | (2,411) |  |  | 8,465 |
Consumer | 2,347 |  |  | (446) |  |  | 101 |  |  | 153 |  |  | 2,155 |
Total | $ | 47,999 |  |  | $ | (3,395) |  |  | $ | 908 |  |  | $ | 5,879 |  |  | $ | 51,391 |
| Three Months Ended September 30, 2023
| Beginning Balance |  | Charge-offs |  | Recoveries |  | Provision for (Reversal of) Credit Losses |  | Ending Balance
| (Dollars in thousands)
Commercial business: |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | 13,288 |  |  | $ | (15) |  |  | $ | 1,253 |  |  | $ | (2,781) |  |  | $ | 11,745 |
Owner-occupied CRE | 8,503 |  |  | — |  |  | — |  |  | 191 |  |  | 8,694 |
Non-owner occupied CRE | 9,482 |  |  | — |  |  | — |  |  | 1,184 |  |  | 10,666 |
Total commercial business | 31,273 |  |  | (15) |  |  | 1,253 |  |  | (1,406) |  |  | 31,105 |
Residential real estate | 2,865 |  |  | — |  |  | — |  |  | 684 |  |  | 3,549 |
Real estate construction and land development:
Residential | 1,671 |  |  | — |  |  | — |  |  | (163) |  |  | 1,508 |
Commercial and multifamily | 8,014 |  |  | — |  |  | — |  |  | 437 |  |  | 8,451 |
Total real estate construction and land development | 9,685 |  |  | — |  |  | — |  |  | 274 |  |  | 9,959 |
Consumer | 2,585 |  |  | (123) |  |  | 59 |  |  | (187) |  |  | 2,334 |
Total | $ | 46,408 |  |  | $ | (138) |  |  | $ | 1,312 |  |  | $ | (635) |  |  | $ | 46,947 |
| Nine Months Ended September 30, 2023
| Beginning Balance |  | Charge-offs |  | Recoveries |  | (Reversal of) Provision for Credit Losses |  | Ending Balance
| (Dollars in thousands)
Commercial business: |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | 13,962 |  |  | $ | (176) |  |  | $ | 1,342 |  |  | $ | (3,383) |  |  | $ | 11,745 |
Owner-occupied CRE | 7,480 |  |  | — |  |  | — |  |  | 1,214 |  |  | 8,694 |
Non-owner occupied CRE | 9,276 |  |  | — |  |  | — |  |  | 1,390 |  |  | 10,666 |
Total commercial business | 30,718 |  |  | (176) |  |  | 1,342 |  |  | (779) |  |  | 31,105 |
Residential real estate | 2,872 |  |  | — |  |  | — |  |  | 677 |  |  | 3,549 |
Real estate construction and land development:
Residential | 1,654 |  |  | — |  |  | — |  |  | (146) |  |  | 1,508 |
Commercial and multifamily | 5,409 |  |  | — |  |  | — |  |  | 3,042 |  |  | 8,451 |
Total real estate construction and land development | 7,063 |  |  | — |  |  | — |  |  | 2,896 |  |  | 9,959 |
Consumer | 2,333 |  |  | (420) |  |  | 149 |  |  | 272 |  |  | 2,334 |
Total | $ | 42,986 |  |  | $ | (596) |  |  | $ | 1,491 |  |  | $ | 3,066 |  |  | $ | 46,947 |
The following table details the activity in the ACL on unfunded commitments during the periods indicated:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
| (Dollars in thousands)
Balance, beginning of period | $ | 774 |  |  | $ | 1,777 |  |  | $ | 1,288 |  |  | $ | 1,744 |
(Reversal of) provision for credit losses on unfunded commitments | (266) |  |  | (243) |  |  | (780) |  |  | (210) |
Balance, end of period | $ | 508 |  |  | $ | 1,534 |  |  | $ | 508 |  |  | $ | 1,534 |

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