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LOANS AND CREDIT QUALITY (Tables)

9 Months Ended

Sep. 30, 2023

Receivables [Abstract]

Schedule of loans and leases, excluding loans held for sale

The following table presents loans by class, excluding loans held for sale, net of ACL as of the dates presented:

(dollars in thousands)			September 30, 2023						December 31, 2022
Commercial and industrial:
SBA PPP			$	1,447					$	2,654
Other			562,716						544,495
Real estate:
Construction			212,052						167,366
Residential mortgage			1,930,123						1,940,456
Home equity			751,932						737,386
Commercial mortgage			1,367,107						1,364,998
Consumer			683,614						798,957
Gross loans			5,508,991						5,556,312
Net deferred fees and costs			(281)						(846)
Total loans, net of deferred fees and costs			5,508,710						5,555,466
Less: ACL for loans			64,517						63,738
Total loans, net of ACL for loans			$	5,444,193					$	5,491,728

Financing Receivable, Purchased With Credit Deterioration

The following tables present loans purchased by class for the periods presented. No loan portfolios were purchased during the three months ended September 30, 2023.

									Three Months Ended September 30, 2022
(dollars in thousands)																					U.S. Mainland Consumer - Unsecured						U.S. Mainland Consumer - Automobile						Total
Purchases:
Outstanding balance																					$	90,461					$	—					$	90,461
(Discount) premium																					(3,976)						—						(3,976)
Purchase price																					$	86,485					$	—					$	86,485

			Nine Months Ended September 30, 2023																		Nine Months Ended September 30, 2022
			U.S. Mainland Consumer - Unsecured						U.S. Mainland Consumer - Automobile						Total						U.S. Mainland Consumer - Unsecured						U.S. Mainland Consumer - Automobile						Total
Purchases:
Outstanding balance			$	3,932					$	15,159					$	19,091					$	195,227					$	64,890					$	260,117
(Discount) premium			—						568						568						(11,386)						3,457						(7,929)
Purchase price			$	3,932					$	15,727					$	19,659					$	183,841					$	68,347					$	252,188

Schedule of aging of the recorded investment in past due loans and leases, by class

The following tables also present the amortized cost of loans on nonaccrual status for which there was no related ACL as of the dates presented:

(dollars in thousands)			Accruing Loans 30 - 59 Days Past Due						Accruing Loans 60 - 89 Days Past Due						Accruing Loans 90+ Days Past Due						Nonaccrual Loans						Total Past Due and Nonaccrual						Loans Not Past Due						Total Loans						Nonaccrual Loans With No ACL
September 30, 2023
Commercial and industrial:
SBA PPP			$	351					$	66					$	—					$	—					$	417					$	993					$	1,410					$	—
Other			—						1						—						352						353						562,043						562,396						—
Real estate:
Construction			—						—						—						—						—						211,512						211,512						—
Residential mortgage			1,852						136						794						4,949						7,731						1,923,009						1,930,740						4,808
Home equity			1,183						740						—						677						2,600						751,380						753,980						677
Commercial mortgage			319						—						—						77						396						1,365,031						1,365,427						77
Consumer			5,358						2,151						2,120						597						10,226						673,019						683,245						—
Total			$	9,063					$	3,094					$	2,914					$	6,652					$	21,723					$	5,486,987					$	5,508,710					$	5,562

(dollars in thousands)			Accruing Loans 30 - 59 Days Past Due						Accruing Loans 60 - 89 Days Past Due						Accruing Loans 90+ Days Past Due						Nonaccrual Loans						Total Past Due and Nonaccrual						Loans Not Past Due						Total Loans						Nonaccrual Loans With No ACL
December 31, 2022
Commercial and industrial:
SBA PPP			$	471					$	37					$	13					$	—					$	521					$	2,034					$	2,555					$	—
Other			546						131						26						297						1,000						542,947						543,947						—
Real estate:
Construction			—						—						—						—						—						166,723						166,723						—
Residential mortgage			303						—						559						3,808						4,670						1,936,329						1,940,999						3,808
Home equity			1,540						—						—						570						2,110						737,270						739,380						570
Commercial mortgage			160						—						—						—						160						1,362,915						1,363,075						—
Consumer			5,173						1,921						1,240						576						8,910						789,877						798,787						—
Total			$	8,193					$	2,089					$	1,838					$	5,251					$	17,371					$	5,538,095					$	5,555,466					$	4,378

Schedule of balance in the allowance for loan and lease losses and the recorded investment in loans and leases based on the impairment measurement methods, by class

The following tables present the amortized cost basis of collateral-dependent loans by class, which are individually evaluated to determine expected credit losses, and the related ACL allocated to these loans as of the dates presented:

(dollars in thousands)			Secured by 1-4 Family Residential Properties						Secured by Nonfarm Nonresidential Properties						Secured by Real Estate and Business  Assets												Total						Allocated ACL
September 30, 2023
Real estate:
Residential mortgage			$	6,375					$	—					$	—											$	6,375					$	48
Home equity			677						—						—												677						—
Commercial mortgage			77												—												77						—
Total			$	7,129					$	—					$	—											$	7,129					$	48

(dollars in thousands)			Secured by 1-4 Family Residential Properties						Secured by Nonfarm Nonresidential Properties						Secured by Real Estate and Business  Assets												Total						Allocated ACL
December 31, 2022
Real estate:
Residential mortgage			$	5,653					$	—					$	—											$	5,653					$	—
Home equity			570						—						—												570						—
Commercial mortgage			—						—						—												—						—
Total			$	6,223					$	—					$	—											$	6,223					$	—

Schedule of recorded investment in loans and leases, by class and credit indicator

The following tables present the amortized cost basis of the Company's loans by class, credit quality indicator and origination year as of the dates presented. Revolving loans converted to term as of and during the periods presented were not material to the total loan portfolio. In addition, the following table includes gross charge-offs of loans by origination year during the period presented.

(dollars in thousands)						Amortized Cost of Term Loans by Year of Origination																																				Amortized Cost of Revolving Loans
September 30, 2023						2023						2022						2021						2020						2019						Prior												Total
Commercial and industrial - SBA PPP:
Risk Rating
Pass						$	—					$	—					$	1,404					$	6					$	—					$	—					$	—					$	1,410
Subtotal						—						—						1,404						6						—						—						—						1,410
Commercial and industrial - Other:
Risk Rating
Pass						66,786						85,349						81,606						34,488						44,104						159,453						79,108						550,894
Special Mention						—						156						602						231						13						—						225						1,227
Substandard						59						1,136						634						709						681						7,056						—						10,275
Subtotal						66,845						86,641						82,842						35,428						44,798						166,509						79,333						562,396
Construction:
Risk Rating
Pass						6,755						62,037						76,251						17,640						1,481						31,312						14,958						210,434
Special Mention						—						—						407						—						671						—						—						1,078
Substandard						—						—						—						—						—						—						—						—
Subtotal						6,755						62,037						76,658						17,640						2,152						31,312						14,958						211,512
Residential mortgage:
Risk Rating
Pass						70,141						270,464						619,243						419,296						146,258						398,387						—						1,923,789
Special Mention						—						—						—						—						—						278						—						278
Substandard						—						1,058						303						931						822						3,559						—						6,673
Subtotal						70,141						271,522						619,546						420,227						147,080						402,224						—						1,930,740
Home equity:
Risk Rating
Pass						12,238						32,866						20,638						9,024						6,570						18,065						653,902						753,303
Special Mention						—						—						—						—						—						—						—						—
Substandard						—						—						—						—						73						604						—						677
Subtotal						12,238						32,866						20,638						9,024						6,643						18,669						653,902						753,980
Commercial mortgage:
Risk Rating
Pass						39,792						238,538						203,902						117,186						113,143						607,898						7,729						1,328,188
Special Mention						—						—						—						—						10,732						11,065						—						21,797
Substandard						—						—						11,607						—						1,666						2,169						—						15,442
Subtotal						39,792						238,538						215,509						117,186						125,541						621,132						7,729						1,365,427
Consumer:
Risk Rating
Pass						85,466						288,029						161,075						41,288						32,563						13,401						58,706						680,528
Special Mention						—						—						—						—						—						—						—						—
Substandard						10						167						129						133						124						1,303						10						1,876
Loss						—						—						—						—						—						841						—						841
Subtotal						85,476						288,196						161,204						41,421						32,687						15,545						58,716						683,245
Total						$	281,247					$	979,800					$	1,177,801					$	640,932					$	358,901					$	1,255,391					$	814,638					$	5,508,710

(dollars in thousands)						Gross Charge-Offs by Year of Origination
Nine Months Ended September 30, 2023						2023						2022						2021						2020						2019						Prior									Total
Commercial and industrial:
Other						$	143					$	239					$	145					$	—					$	265					$	751											$	1,543
Consumer						4						4,988						4,158						871						627						621												11,269
Year-to-date gross charge-offs						$	147					$	5,227					$	4,303					$	871					$	892					$	1,372											$	12,812

(dollars in thousands)						Amortized Cost of Term Loans by Year of Origination																																				Amortized Cost of Revolving Loans
December 31, 2022						2022						2021						2020						2019						2018						Prior												Total
Commercial and industrial - SBA PPP:
Risk Rating
Pass						$	—					$	2,546					$	9					$	—					$	—					$	—					$	—					$	2,555
Subtotal						—						2,546						9						—						—						—						—						2,555
Commercial and industrial - Other:
Risk Rating
Pass						77,550						101,595						41,358						53,241						39,106						141,950						76,466						531,266
Special Mention						2,206						350						172						1,011						29						—						99						3,867
Substandard						188						176						833						256						116						7,215						30						8,814
Subtotal						79,944						102,121						42,363						54,508						39,251						149,165						76,595						543,947
Construction:
Risk Rating
Pass						25,663						61,027						23,384						2,387						14,309						18,048						15,044						159,862
Special Mention						—						417						—						—						898						—						—						1,315
Substandard						—						4,850						—						696						—						—						—						5,546
Subtotal						25,663						66,294						23,384						3,083						15,207						18,048						15,044						166,723
Residential mortgage:
Risk Rating
Pass						279,146						636,756						434,928						154,906						58,431						371,517						—						1,935,684
Special Mention						—						—						—						—						—						—						—						—
Substandard						—						—						948						—						503						3,864						—						5,315
Subtotal						279,146						636,756						435,876						154,906						58,934						375,381						—						1,940,999
Home equity:
Risk Rating
Pass						34,973						23,772						10,520						7,463						6,880						11,727						643,277						738,612
Special Mention						—						—						—						—						—						—						198						198
Substandard						—						—						—						—						78						453						39						570
Subtotal						34,973						23,772						10,520						7,463						6,958						12,180						643,514						739,380
Commercial mortgage:
Risk Rating
Pass						226,137						208,230						119,531						129,950						145,932						472,267						11,473						1,313,520
Special Mention						—						—						—						11,388						—						16,082						—						27,470
Substandard						—						10,149						—						1,700						2,133						8,103						—						22,085
Subtotal						226,137						218,379						119,531						143,038						148,065						496,452						11,473						1,363,075
Consumer:
Risk Rating
Pass						358,609						242,942						59,352						50,899						20,065						10,958						54,038						796,863
Special Mention						—						—						—						113						—						—						—						113
Substandard						1						261						91						126						42						790						—						1,311
Loss						—						—						—						—						—						500						—						500
Subtotal						358,610						243,203						59,443						51,138						20,107						12,248						54,038						798,787
Total						$	1,004,473					$	1,293,071					$	691,126					$	414,136					$	288,522					$	1,063,474					$	800,664					$	5,555,466

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Financing Receivable, Purchased With Credit Deterioration

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Tabular disclosure of allowance for credit loss on financing receivable.

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-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-13

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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
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-URI https://asc.fasb.org//1943274/2147479319/326-20-50-5

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Tabular disclosure of aging analysis for financing receivable.

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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

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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.

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