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LOANS AND CREDIT QUALITY (Tables)

6 Months Ended

Jun. 30, 2024

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 deferred fees and costs as of the dates presented:

(dollars in thousands)			June 30, 2024						December 31, 2023
Commercial and industrial			$	585,048					$	576,038
Real estate:
Construction			171,918						185,994
Residential mortgage			1,912,753						1,927,206
Home equity			704,836						734,500
Commercial mortgage			1,467,273						1,384,579
Consumer			542,241						630,898
Gross loans			5,384,069						5,439,215
Deferred fees and costs, net			(425)						(233)
Total loans, net of deferred fees and costs			$	5,383,644					$	5,438,982

Financing Receivable, Purchased With Credit Deterioration

The following tables present loans purchased by class for the periods presented. None of these loan purchases were categorized as purchased credit deteriorated ("PCD") and there were no loans categorized as PCD during the periods presented.

			Three Months Ended June 30, 2024																		Three Months Ended June 30, 2023
(dollars in thousands)			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			$	—					$	12,384					$	12,384					$	152					$	—					$	152
Premium			—						247						247						—						—						—
Purchase price			$	—					$	12,631					$	12,631					$	152					$	—					$	152

			Six Months Ended June 30, 2024																		Six Months Ended June 30, 2023
			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			$	—					$	12,384					$	12,384					$	3,932					$	15,159					$	19,091
Premium			—						247						247						—						568						568
Purchase price			$	—					$	12,631					$	12,631					$	3,932					$	15,727					$	19,659

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
June 30, 2024
Commercial and industrial			$	597					$	183					$	—					$	355					$	1,135					$	583,721					$	584,856					$	—
Real estate:
Construction			—						—						—						—						—						171,522						171,522						—
Residential mortgage			626						1,352						1,273						7,991						11,242						1,901,935						1,913,177						7,991
Home equity			2,001						—						135						1,247						3,383						703,428						706,811						1,247
Commercial mortgage			—						—						—						77						77						1,465,293						1,465,370						77
Consumer			4,891						1,525						896						587						7,899						534,009						541,908						—
Total			$	8,115					$	3,060					$	2,304					$	10,257					$	23,736					$	5,359,908					$	5,383,644					$	9,315

(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, 2023
Commercial and industrial			$	513					$	169					$	—					$	432					$	1,114					$	574,593					$	575,707					$	—
Real estate:
Construction			—						—						—						—						—						185,519						185,519						—
Residential mortgage			3,082						2,140						—						4,962						10,184						1,917,605						1,927,789						4,855
Home equity			804						400						229						834						2,267						734,257						736,524						834
Commercial mortgage			—						—						—						77						77						1,382,825						1,382,902						77
Consumer			5,677						2,329						1,083						703						9,792						620,749						630,541						—
Total			$	10,076					$	5,038					$	1,312					$	7,008					$	23,434					$	5,415,548					$	5,438,982					$	5,766

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 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																		Total						Allocated ACL
June 30, 2024
Real estate:
Residential mortgage			$	9,435					$	—																	$	9,435					$	—
Home equity			1,247						—																		1,247						—
Commercial mortgage			—						77																		77						—
Total			$	10,682					$	77																	$	10,759					$	—

(dollars in thousands)			Secured by 1-4 Family Residential Properties						Secured by Nonfarm Nonresidential Properties																		Total						Allocated ACL
December 31, 2023
Real estate:
Residential mortgage			$	6,450					$	—																	$	6,450					$	47
Home equity			834						—																		834						—
Commercial mortgage			—						77																		77						—
Total			$	7,284					$	77																	$	7,361					$	47

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

The following tables present the amortized cost basis, net of deferred fees and costs, 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 tables present gross charge-offs of loans by origination year during the periods presented.

(dollars in thousands)						Amortized Cost of Term Loans by Year of Origination																																				Amortized Cost of Revolving Loans
June 30, 2024						2024						2023						2022						2021						2020						Prior												Total
Commercial and industrial:
Risk Rating
Pass						$	82,768					$	66,377					$	80,033					$	74,516					$	28,777					$	152,988					$	91,260					$	576,719
Special Mention						—						33						3,775						2,910						—						—						—						6,718
Substandard						—						93						37						141						557						591						—						1,419
Subtotal						82,768						66,503						83,845						77,567						29,334						153,579						91,260						584,856
Construction:
Risk Rating
Pass						791						13,053						52,375						60,724						13,376						31,203						—						171,522
Subtotal						791						13,053						52,375						60,724						13,376						31,203						—						171,522
Residential mortgage:
Risk Rating
Pass						37,641						95,295						264,381						602,347						404,839						498,253						—						1,902,756
Special Mention						—						—						—						—						—						247						—						247
Substandard						—						—						1,697						646						1,868						5,963						—						10,174
Subtotal						37,641						95,295						266,078						602,993						406,707						504,463						—						1,913,177
Home equity:
Risk Rating
Pass						661						11,619						30,352						18,589						7,880						25,505						610,823						705,429
Substandard						—						—						—						—						—						1,247						135						1,382
Subtotal						661						11,619						30,352						18,589						7,880						26,752						610,958						706,811
Commercial mortgage:
Risk Rating
Pass						106,586						95,806						238,556						200,970						113,069						689,968						6,561						1,451,516
Special Mention						—						624						—						1,450						—						5,254						—						7,328
Substandard						—						—						—						1,097						—						5,429						—						6,526
Subtotal						106,586						96,430						238,556						203,517						113,069						700,651						6,561						1,465,370
Consumer:
Risk Rating
Pass						16,203						91,475						212,509						115,566						27,775						24,351						52,545						540,424
Substandard						—						48						160						205						15						1,056						—						1,484
Subtotal						16,203						91,523						212,669						115,771						27,790						25,407						52,545						541,908
Total						$	244,650					$	374,423					$	883,875					$	1,079,161					$	598,156					$	1,442,055					$	761,324					$	5,383,644

(dollars in thousands)						Gross Charge-Offs by Year of Origination
Six Months Ended June 30, 2024						2024						2023						2022						2021						2020						Prior									Total
Commercial and industrial						$	19					$	74					$	204					$	184					$	13					$	707											$	1,201
Real estate:
Residential mortgage						—						—						76						—						—						208												284
Consumer						5						392						5,460						2,318						283						725												9,183
Gross charge-offs						$	24					$	466					$	5,740					$	2,502					$	296					$	1,640											$	10,668

(dollars in thousands)						Amortized Cost of Term Loans by Year of Origination																																				Amortized Cost of Revolving Loans
December 31, 2023						2023						2022						2021						2020						2019						Prior												Total
Commercial and industrial:
Risk Rating
Pass						$	83,333					$	82,649					$	77,551					$	32,831					$	42,162					$	152,940					$	90,177					$	561,643
Special Mention						—						—						2,916						—						—						944						93						3,953
Substandard						37						1,189						576						662						571						7,026						50						10,111
Subtotal						83,370						83,838						81,043						33,493						42,733						160,910						90,320						575,707
Construction:
Risk Rating
Pass						8,434						52,596						69,203						18,878						2,136						31,090						2,778						185,115
Special Mention						—						—						404						—						—						—						—						404
Subtotal						8,434						52,596						69,607						18,878						2,136						31,090						2,778						185,519
Residential mortgage:
Risk Rating
Pass						101,473						266,314						609,648						414,430						144,312						385,452						—						1,921,629
Special Mention						—						—						—						—						—						268						—						268
Substandard						—						1,057						299						931						818						2,787						—						5,892
Subtotal						101,473						267,371						609,947						415,361						145,130						388,507						—						1,927,789
Home equity:
Risk Rating
Pass						12,229						32,208						19,589						8,766						6,372						17,379						638,917						735,460
Substandard						—						—						—						—						66						998						—						1,064
Subtotal						12,229						32,208						19,589						8,766						6,438						18,377						638,917						736,524
Commercial mortgage:
Risk Rating
Pass						96,479						256,660						202,933						115,055						112,578						566,325						6,311						1,356,341
Special Mention						—						—						—						—						10,513						9,638						—						20,151
Substandard						—						—						2,587						—						1,654						2,169						—						6,410
Subtotal						96,479						256,660						205,520						115,055						124,745						578,132						6,311						1,382,902
Consumer:
Risk Rating
Pass						88,593						261,752						144,341						36,431						27,970						10,538						59,130						628,755
Substandard						58						231						205						87						83						1,084						10						1,758
Loss						—						—						—						—						—						28						—						28
Subtotal						88,651						261,983						144,546						36,518						28,053						11,650						59,140						630,541
Total						$	390,636					$	954,656					$	1,130,252					$	628,071					$	349,235					$	1,188,666					$	797,466					$	5,438,982

(dollars in thousands)						Gross Charge-Offs by Year of Origination
Six Months Ended June 30, 2023						2023						2022						2021						2020						2019						Prior									Total
Commercial and industrial						$	—					$	212					$	88					$	—					$	207					$	634											$	1,141
Consumer						—						2,745						2,730						345						409						330												6,559
Gross charge-offs						$	—					$	2,957					$	2,818					$	345					$	616					$	964											$	7,700

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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
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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
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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
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-Name Accounting Standards Codification
-Section 50
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-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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