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Loans (Tables)
9 Months Ended
Sep. 30, 2021
Receivables [Abstract]  
Loan Portfolio Segments and Classes The table below identifies the Company’s loan portfolio segments and classes.
Portfolio SegmentClass of Financing Receivable
CommercialOwner occupied real estate
Non-owner occupied real estate
Residential spec homes
Development & spec land
Commercial and industrial
Real estateResidential mortgage
Residential construction
Mortgage warehouseMortgage warehouse
ConsumerDirect installment
Indirect installment
Home equity
Loans Outstanding by Portfolio Class
The following table presents total loans outstanding by portfolio class, as of September 30, 2021 and December 31, 2020:
September 30,
2021
December 31,
2020
Commercial
Owner occupied real estate$521,186 $496,306 
Non–owner occupied real estate1,016,377 999,636 
Residential spec homes10,142 10,070 
Development & spec land31,957 26,372 
Commercial and industrial593,538 659,887 
Total commercial2,173,200 2,192,271 
Real estate
Residential mortgage580,364 598,700 
Residential construction23,176 25,586 
Mortgage warehouse169,909 395,626 
Total real estate773,449 1,019,912 
Consumer
Direct installment67,176 38,046 
Indirect installment365,756 357,511 
Home equity280,500 259,643 
Total consumer713,432 655,200 
Total loans3,660,081 3,867,383 
Allowance for credit losses(56,779)(57,027)
Net loans$3,603,302 $3,810,356 
Non-accrual, Loans Past Due Over 90 Days Still on Accrual, and Troubled Debt Restructured ("TDRs") by Class of Loans
The following table presents non–accrual loans, loans past due over 90 days still on accrual, and troubled debt restructurings (“TDRs”) by class of loans:

September 30, 2021
Non–accrualLoans Past
Due Over 90
Days Still
Accruing
Non–performing
TDRs
Performing
TDRs
Total
Non–performing
Loans
Non–accrual
with no Allowance for Credit Losses
Commercial
Owner occupied real estate$8,651 $— $— $603 $9,254 $4,074 
Non–owner occupied real estate2,853 — 292 — 3,145 3,145 
Residential spec homes— — — — — — 
Development & spec land964 — — — 964 964 
Commercial and industrial2,758 — — — 2,758 2,021 
Total commercial15,226 — 292 603 16,121 10,204 
Real estate
Residential mortgage6,291 — 911 1,439 8,641 8,641 
Residential construction— — — — — — 
Mortgage warehouse— — — — — — 
Total real estate6,291 — 911 1,439 8,641 8,641 
Consumer
Direct installment16 — — 19 19 
Indirect installment817 56 — — 873 873 
Home equity2,787 141 401 391 3,720 3,720 
Total consumer3,620 200 401 391 4,612 4,612 
Total$25,137 $200 $1,604 $2,433 $29,374 $23,457 
December 31, 2020
Non–accrualLoans Past
Due Over 90
Days Still
Accruing
Non–performing
TDRs
Performing
TDRs
Total
Non–performing
Loans
Non–accrual
with no Allowance for Credit Losses
Commercial
Owner occupied real estate$10,581 $— $630 $168 $11,379 $6,305 
Non–owner occupied real estate237 — 330 — 567 567 
Residential spec homes— — — — — — 
Development & spec land70 — — — 70 70 
Commercial and industrial1,826 — 506 — 2,332 1,847 
Total commercial12,714 — 1,466 168 14,348 8,789 
Real estate
Residential mortgage5,674 17 922 1,381 7,994 7,097 
Residential construction— — — — — — 
Mortgage warehouse— — — — — — 
Total real estate5,674 17 922 1,381 7,994 7,097 
Consumer
Direct installment12 — — 13 13 
Indirect installment1,174 120 — — 1,294 1,294 
Home equity2,568 124 222 244 3,158 2,628 
Total consumer3,754 245 222 244 4,465 3,935 
Total$22,142 $262 $2,610 $1,793 $26,807 $19,821 
Payment Status by Class of Loan
The following table presents the payment status by class of loan, excluding non–accrual loans of $25.1 million and non–performing TDRs of $1.6 million at September 30, 2021:
September 30, 2021
Current30–59 Days
Past Due
60–89 Days
Past Due
90 Days or
Greater
Past Due
Total 
Past Due
Loans
Total
Loans
Commercial
Owner occupied real estate$512,306 $188 $41 $— $229 $512,535 
Non–owner occupied real estate1,013,232 — — — — 1,013,232 
Residential spec homes10,142 — — — — 10,142 
Development & spec land30,993 — — — — 30,993 
Commercial and industrial590,559 39 182 — 221 590,780 
Total commercial2,157,232 227 223 — 450 2,157,682 
Real estate
Residential mortgage572,129 728 305 — 1,033 573,162 
Residential construction23,176 — — — — 23,176 
Mortgage warehouse169,909 — — — — 169,909 
Total real estate765,214 728 305 — 1,033 766,247 
Consumer
Direct installment66,809 323 25 351 67,160 
Indirect installment363,828 1,001 54 56 1,111 364,939 
Home equity276,060 1,001 110 141 1,252 277,312 
Total consumer706,697 2,325 189 200 2,714 709,411 
Total$3,629,143 $3,280 $717 $200 $4,197 $3,633,340 
Percentage of total loans99.88 %0.09 %0.02 %0.01 %0.12 %100.00 %
The following table presents the payment status by class of loan, excluding non–accrual loans of $22.1 million and non–performing TDRs of $2.6 million at December 31, 2020:
December 31, 2020
Current30–59 Days
Past Due
60–89 Days
Past Due
90 Days or
Greater
Past Due
Total 
Past Due
Loans
Total
Commercial
Owner occupied real estate$484,282 $683 $130 $— $813 $485,095 
Non–owner occupied real estate997,816 599 654 — 1,253 999,069 
Residential spec homes10,070 — — — — 10,070 
Development & spec land25,552 — 750 — 750 26,302 
Commercial and industrial657,027 249 279 — 528 657,555 
Total commercial2,174,747 1,531 1,813 — 3,344 2,178,091 
Real estate
Residential mortgage590,944 905 238 17 1,160 592,104 
Residential construction25,586 — — — — 25,586 
Mortgage warehouse395,626 — — — — 395,626 
Total real estate1,012,156 905 238 17 1,160 1,013,316 
Consumer
Direct installment37,965 69 — — 69 38,034 
Indirect installment354,655 1,356 206 120 1,682 356,337 
Home equity255,908 554 266 125 945 256,853 
Total consumer648,528 1,979 472 245 2,696 651,224 
Total$3,835,431 $4,415 $2,523 $262 $7,200 $3,842,631 
Percentage of total loans99.81 %0.11 %0.07 %0.01 %0.19 %100.00 %
Schedule of TDRs by Loan Portfolio
The following table presents TDRs by class of loan:
September 30, 2021December 31, 2020
Non–accrualAccruingTotalNon–accrualAccruingTotal
Commercial
Owner occupied real estate$— $603 $603 $630 $168 $798 
Non–owner occupied real estate292 — 292 330 — 330 
Residential spec homes— — — — — — 
Development & spec land— — — — — — 
Commercial and industrial— — — 506 — 506 
Total commercial292 603 895 1,466 168 1,634 
Real estate
Residential mortgage911 1,439 2,350 922 1,381 2,303 
Residential construction— — — — — — 
Mortgage warehouse— — — — — — 
Total real estate911 1,439 2,350 922 1,381 2,303 
Consumer
Direct installment— — — — — — 
Indirect installment— — — — — — 
Home equity401 391 792 222 244 466 
Total consumer401 391 792 222 244 466 
Total$1,604 $2,433 $4,037 $2,610 $1,793 $4,403 
Allowance for Credit Loss Allocated for Collateral Dependent Loans
The table below presents the amortized cost basis and allowance for credit losses (“ACL”) allocated for collateral dependent loans in accordance with ASC 326, which are individually evaluated to determine expected credit losses.
September 30, 2021
Real EstateAccounts Receivable/EquipmentOtherTotalACL
Allocation
Commercial
Owner occupied real estate$12,386 $103 $— $12,489 $1,179 
Non–owner occupied real estate3,172 — — 3,172 — 
Residential spec homes— — — — — 
Development & spec land964 — — 964 — 
Commercial and industrial1,214 2,406 — 3,620 218 
Total commercial17,736 2,509 — 20,245 1,397 
Total collateral dependent loans$17,736 $2,509 $— $20,245 $1,397 
December 31, 2020
Real EstateAccounts Receivable/EquipmentOtherTotalACL
Allocation
Commercial
Owner occupied real estate$11,309 $114 $— $11,423 $1,605 
Non–owner occupied real estate1,032 — — 1,032 — 
Residential spec homes— — — — — 
Development & spec land70 — — 70 — 
Commercial and industrial2,245 210 — 2,455 252 
Total commercial14,656 324 — 14,980 1,857 
Total collateral dependent loans$14,656 $324 $— $14,980 $1,857 
Loans by Credit Grades
The following tables present loans by credit grades and origination year at September 30, 2021.
September 30, 202120212020201920182017PriorRevolving LoansTotal
Commercial
Owner occupied real estate
Pass$51,502 $59,563 $66,358 $48,852 $46,074 $154,262 $45,993 $472,604 
Special Mention— 77 735 2,396 8,567 7,539 — 19,314 
Substandard— 1,007 1,201 3,989 3,956 15,220 3,895 29,268 
Doubtful— — — — — — — — 
Total owner occupied real estate$51,502 $60,647 $68,294 $55,237 $58,597 $177,021 $49,888 $521,186 
Non–owner occupied real estate
Pass$111,223 $110,627 $106,765 $61,794 $135,791 $269,509 $150,423 $946,132 
Special Mention— 845 1,203 29,409 4,470 5,687 519 42,133 
Substandard— — 15,240 1,390 429 8,683 2,370 28,112 
Doubtful— — — — — — — — 
Total non–owner occupied real estate$111,223 $111,472 $123,208 $92,593 $140,690 $283,879 $153,312 $1,016,377 
Residential spec homes
Pass$1,117 $758 $338 $— $— $913 $7,016 $10,142 
Special Mention— — — — — — — — 
Substandard— — — — — — — — 
Doubtful— — — — — — — — 
Total residential spec homes$1,117 $758 $338 $ $ $913 $7,016 $10,142 
Development & spec land
Pass$1,520 $550 $512 $12 $1,849 $12,915 $12,640 $29,998 
Special Mention— — — — — 184 358 542 
Substandard— — — — 17 651 749 1,417 
Doubtful— — — — — — — — 
Total development & spec land$1,520 $550 $512 $12 $1,866 $13,750 $13,747 $31,957 
Commercial & industrial
Pass$214,792 $56,773 $50,106 $51,700 $68,635 $71,387 $37,613 $551,006 
Special Mention1,586 2,765 1,385 4,119 6,809 4,015 2,586 23,265 
Substandard1,546 146 3,242 5,748 2,400 1,582 4,603 19,267 
Doubtful— — — — — — — — 
Total commercial & industrial$217,924 $59,684 $54,733 $61,567 $77,844 $76,984 $44,802 $593,538 
Total commercial$383,286 $233,111 $247,085 $209,409 $278,997 $552,547 $268,765 $2,173,200 
September 30, 202120212020201920182017PriorRevolving LoansTotal
Real estate
Residential mortgage
Performing$79,466 $111,732 $50,187 $58,431 $68,812 $203,095 $— $571,723 
Non–performing— — 376 875 — 7,390 — 8,641 
Total residential mortgage$79,466 $111,732 $50,563 $59,306 $68,812 $210,485 $ $580,364 
Residential construction
Performing$— $— $— $— $— $— $23,176 $23,176 
Non–performing— — — — — — — — 
Total residential construction$ $ $ $ $ $ $23,176 $23,176 
Mortgage warehouse
Performing$— $— $— $— $— $— $169,909 $169,909 
Non–performing— — — — — — — — 
Total mortgage warehouse$ $ $ $ $ $ $169,909 $169,909 
Total real estate$79,466 $111,732 $50,563 $59,306 $68,812 $210,485 $193,085 $773,449 
September 30, 202120212020201920182017PriorRevolving LoansTotal
Consumer
Direct installment
Performing$15,487 $14,385 $15,628 $8,051 $7,093 $6,358 $155 $67,157 
Non–performing— — — — 12 — 19 
Total direct installment$15,487 $14,385 $15,628 $8,051 $7,105 $6,365 $155 $67,176 
Indirect installment
Performing$121,665 $101,476 $67,748 $46,969 $20,871 $6,154 $— $364,883 
Non–performing22 176 184 178 199 114 — 873 
Total indirect installment$121,687 $101,652 $67,932 $47,147 $21,070 $6,268 $ $365,756 
Home equity
Performing$51,598 $56,690 $36,628 $28,529 $24,523 $71,590 $7,222 $276,780 
Non–performing148 10 82 131 1,604 1,736 3,720 
Total home equity$51,607 $56,838 $36,638 $28,611 $24,654 $73,194 $8,958 $280,500 
Total consumer$188,781 $172,875 $120,198 $83,809 $52,829 $85,827 $9,113 $713,432 
The following tables present loans by credit grades and origination year at December 31, 2020.
December 31, 202020202019201820172016PriorRevolving LoansTotal
Commercial
Owner occupied real estate
Pass$57,726 $65,558 $49,455 $49,032 $47,480 $127,373 $40,027 $436,651 
Special Mention— 1,081 5,928 10,205 4,207 12,787 325 34,533 
Substandard1,021 1,231 4,012 2,504 2,839 9,673 3,842 25,122 
Doubtful— — — — — — — — 
Total owner occupied real estate$58,747 $67,870 $59,395 $61,741 $54,526 $149,833 $44,194 $496,306 
Non–owner occupied real estate
Pass$115,667 $120,023 $73,669 $133,396 $99,674 $208,649 $166,986 $918,064 
Special Mention862 1,236 28,723 1,298 2,548 13,182 4,072 51,921 
Substandard— 15,552 1,477 107 6,422 4,521 1,572 29,651 
Doubtful— — — — — — — — 
Total non–owner occupied real estate$116,529 $136,811 $103,869 $134,801 $108,644 $226,352 $172,630 $999,636 
Residential spec homes
Pass$737 $237 $— $298 $368 $1,177 $7,253 $10,070 
Special Mention— — — — — — — — 
Substandard— — — — — — — — 
Doubtful— — — — — — — — 
Total residential spec homes$737 $237 $ $298 $368 $1,177 $7,253 $10,070 
Development & spec land
Pass$573 $736 $1,522 $2,461 $672 $11,971 $6,907 $24,842 
Special Mention— — — — — 274 — 274 
Substandard— — — — — 506 750 1,256 
Doubtful— — — — — — — — 
Total development & spec land$573 $736 $1,522 $2,461 $672 $12,751 $7,657 $26,372 
Commercial & industrial
Pass$253,953 $63,772 $58,978 $88,121 $26,044 $70,706 $30,845 $592,419 
Special Mention8,779 1,164 1,088 9,306 1,835 11,870 3,040 37,082 
Substandard4,233 7,079 11,072 1,660 636 3,322 2,384 30,386 
Doubtful— — — — — — — — 
Total commercial & industrial$266,965 $72,015 $71,138 $99,087 $28,515 $85,898 $36,269 $659,887 
Total commercial$443,551 $277,669 $235,924 $298,388 $192,725 $476,011 $268,003 $2,192,271 
December 31, 202020202019201820172016PriorRevolving LoansTotal
Real estate
Residential mortgage
Performing$109,487 $68,556 $86,572 $89,051 $65,718 $171,322 $— $590,706 
Non–performing— 296 636 39 300 6,723 — 7,994 
Total residential mortgage$109,487 $68,852 $87,208 $89,090 $66,018 $178,045 $ $598,700 
Residential construction
Performing$— $— $— $— $— $— $25,586 $25,586 
Non–performing— — — — — — — — 
Total residential construction$ $ $ $ $ $ $25,586 $25,586 
Mortgage warehouse
Performing$— $— $— $— $— $— $395,626 $395,626 
Non–performing— — — — — — — — 
Total mortgage warehouse$ $ $ $ $ $ $395,626 $395,626 
Total real estate$109,487 $68,852 $87,208 $89,090 $66,018 $178,045 $421,212 $1,019,912 
December 31, 202020202019201820172016PriorRevolving LoansTotal
Consumer
Direct installment
Performing$12,552 $9,552 $5,828 $5,946 $2,124 $2,019 $12 $38,033 
Non–performing— — — — 13 
Total direct installment$12,552 $9,552 $5,828 $5,951 $2,127 $2,024 $12 $38,046 
Indirect installment
Performing$134,394 $97,408 $74,215 $36,763 $8,636 $4,801 $— $356,217 
Non–performing84 223 392 361 80 154 — 1,294 
Total indirect installment$134,478 $97,631 $74,607 $37,124 $8,716 $4,955 $ $357,511 
Home equity
Performing$63,946 $42,762 $34,807 $27,553 $22,450 $59,503 $5,464 $256,485 
Non–performing— 111 74 121 1,237 1,606 3,158 
Total home equity$63,946 $42,771 $34,918 $27,627 $22,571 $60,740 $7,070 $259,643 
Total consumer$210,976 $149,954 $115,353 $70,702 $33,414 $67,719 $7,082 $655,200