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LOANS AND CREDIT QUALITY | 9 Months Ended
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Sep. 30, 2023
Receivables [Abstract] |
LOANS AND CREDIT QUALITY | 3. LOANS AND CREDIT QUALITY 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) | September 30, 2024 |  | December 31, 2023
Commercial and industrial | $ | 599,556 |  |  | $ | 576,038 |
Real estate: |  |  |
Construction | 158,523 |  |  | 185,994 |
Residential mortgage | 1,897,526 |  |  | 1,927,206 |
Home equity | 695,175 |  |  | 734,500 |
Commercial mortgage | 1,472,230 |  |  | 1,384,579 |
Consumer | 520,014 |  |  | 630,898 |
Gross loans | 5,343,024 |  |  | 5,439,215 |
Deferred fees and costs, net | (415) |  |  | (233) |
Total loans, net of deferred fees and costs | $ | 5,342,609 |  |  | $ | 5,438,982 |
Interest income on loans is accrued at the contractual rate of interest on the unpaid principal balance. Accrued interest receivable on loans totaled $17.5 million and $17.1 million at September 30, 2024 and December 31, 2023, respectively, and was reported together with accrued interest receivable on investment securities and other assets on the consolidated balance sheets. Accrued interest receivable on loans is excluded from the estimate of credit losses. During the three months ended September 30, 2023, the Company transferred one loan to the loans held for sale category. The loan did not have any credit concerns at the time of transfer and thus was transferred to loans held for sale at its amortized cost of $9.8 million. The loan was sold during the three months ended September 30, 2023 for $9.6 million, or a loss of $0.2 million, which was recorded in other operating expense. The Company did not transfer any other loans to the held for sale category during the three and nine months ended September 30, 2024 and 2023 and did not sell any other loans originally held for investment during the three and nine months ended September 30, 2024 and 2023. The following tables present the loan purchase information at the time of purchase by class during 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. There were no loan purchases made during the three months ended September 30, 2023.
| Three Months Ended September 30, 2024 |  |  |  |  |  |
(dollars in thousands) | U.S. Mainland Consumer - Unsecured |  | U.S. Mainland Consumer - Automobile |  | Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchases: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Outstanding balance | $ | — |  |  | $ | 14,731 |  |  | $ | 14,731 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Premium | — |  |  | 921 |  |  | 921 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchase price | $ | — |  |  | $ | 15,652 |  |  | $ | 15,652 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Nine Months Ended September 30, 2024 |  | Nine Months Ended September 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 | $ | — |  |  | $ | 27,115 |  |  | $ | 27,115 |  |  | $ | 3,932 |  |  | $ | 15,159 |  |  | $ | 19,091 |
Premium | — |  |  | 1,168 |  |  | 1,168 |  |  | — |  |  | 568 |  |  | 568 |
Purchase price | $ | — |  |  | $ | 28,283 |  |  | $ | 28,283 |  |  | $ | 3,932 |  |  | $ | 15,727 |  |  | $ | 19,659 |
Foreclosure Proceedings The Company did not own any foreclosed properties as of September 30, 2024 and December 31, 2023. The Company did not sell any foreclosed properties during the three and nine months ended September 30, 2024 and 2023. The Company had $3.8 million and $2.3 million of residential mortgage loans collateralized by residential real estate property that were in the process of foreclosure at September 30, 2024 and December 31, 2023, respectively. The Company did not have any commercial real estate loans in the process of foreclosure at September 30, 2024. The Company had commercial real estate loans totaling $0.1 million in the process of foreclosure at December 31, 2023. Nonaccrual and Past Due Loans For all loan types, the Company determines delinquency status by considering the number of days full payments required by the contractual terms of the loan are past due. The following tables present by class, the aging of the recorded investment in past due loans as of the dates presented. 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, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | 1,924 |  |  | $ | 688 |  |  | $ | — |  |  | $ | 376 |  |  | $ | 2,988 |  |  | $ | 596,459 |  |  | $ | 599,447 |  |  | $ | — |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 158,126 |  |  | 158,126 |  |  | — |
Residential mortgage | — |  |  | 1,990 |  |  | 13 |  |  | 9,680 |  |  | 11,683 |  |  | 1,886,236 |  |  | 1,897,919 |  |  | 9,680 |
Home equity | 387 |  |  | 254 |  |  | 135 |  |  | 915 |  |  | 1,691 |  |  | 695,432 |  |  | 697,123 |  |  | 915 |
Commercial mortgage | 203 |  |  | — |  |  | — |  |  | — |  |  | 203 |  |  | 1,470,107 |  |  | 1,470,310 |  |  | — |
Consumer | 4,644 |  |  | 1,667 |  |  | 481 |  |  | 626 |  |  | 7,418 |  |  | 512,266 |  |  | 519,684 |  |  | — |
Total | $ | 7,158 |  |  | $ | 4,599 |  |  | $ | 629 |  |  | $ | 11,597 |  |  | $ | 23,983 |  |  | $ | 5,318,626 |  |  | $ | 5,342,609 |  |  | $ | 10,595 |
(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 |
Collateral-Dependent Loans A loan is considered collateral-dependent when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral, which are individually evaluated to determine expected credit losses. 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
September 30, 2024 |  |  |  |  |  |  |  |  |  |  |
Real estate: |  |  |  |  |  |  |  |  |  |  |
Residential mortgage | $ | 9,679 |  |  | $ | — |  |  |  |  |  |  | $ | 9,679 |  |  | $ | — |
Home equity | 915 |  |  | — |  |  |  |  |  |  | 915 |  |  | — |
Total | $ | 10,594 |  |  | $ | — |  |  |  |  |  |  | $ | 10,594 |  |  | $ | — |
(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 |
Loan Modifications for Borrowers Experiencing Financial Difficulty Since the adoption of ASU 2022-02 on January 1, 2023 and d uring the three and nine months ended September 30, 2024, t he Company has not had any material modifications to loans either individually or in the aggregate for borrowers experiencing financial difficulty. Troubled Debt Restructurings Prior to the Adoption of ASU 2022-02 Prior to our adoption of ASU 2022-02, we accounted for a modification to the contractual terms of a loan that resulted in granting a concession to a borrower experiencing financial difficulties as a troubled debt restructuring ("TDR"). There were $0.8 million of TDRs included in nonperforming assets at September 30, 2024, compared to $0.9 million at December 31, 2023. There were $1.9 million of TDRs that were still accruing interest at September 30, 2024, compared to $2.1 million at December 31, 2023. None of the TDRs still accruing interest at September 30, 2024 and December 31, 2023 were more than 90 days delinquent. Credit Quality Indicators The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans by credit risk. This analysis includes non-homogeneous loans, such as commercial and commercial real estate loans. This analysis is performed on a quarterly basis. The Company uses the following definitions for risk rating of loans. Pass. Loans classified as pass are not adversely rated, are contractually current as to principal and interest, and are otherwise in compliance with the contractual terms of the loan agreement. Special Mention. Loans classified as special mention, while still adequately protected by the borrower's capital adequacy and payment capability, exhibit distinct weakening trends and/or elevated levels of exposure to external conditions. If left unchecked or uncorrected, these potential weaknesses may result in deteriorated prospects of repayment. These exposures require management's close attention so as to avoid becoming undue or unwarranted credit exposures. Substandard. Loans classified as substandard are inadequately protected by the borrower's current financial condition and payment capability or of the collateral pledged, if any. These loans have a well-defined weakness or weaknesses that jeopardize the orderly repayment of debt. They are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Doubtful. Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or orderly repayment in full, on the basis of current existing facts, conditions and values, highly questionable and improbable. Possibility of loss is extremely high, but because of certain important and reasonably specific factors that may work to the advantage and strengthening of the exposure, its classification as an estimate loss is deferred until its more exact status may be determined. Loss. Loans classified as loss are considered to be non-collectible and of such little value that their continuance as bankable assets is not warranted. This does not mean the loan has absolutely no recovery value, but rather it is neither practical nor desirable to defer writing off the loan, even though partial recovery may be obtained in the future. Losses are taken in the period in which they surface as uncollectible. 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 |  |
September 30, 2024 |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | Prior |  |  | Total
Commercial and industrial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk Rating |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 125,093 |  |  | $ | 56,889 |  |  | $ | 75,837 |  |  | $ | 71,370 |  |  | $ | 26,287 |  |  | $ | 149,077 |  |  | $ | 88,324 |  |  | $ | 592,877 |
Special Mention |  | — |  |  | 587 |  |  | 297 |  |  | 2,579 |  |  | — |  |  | — |  |  | — |  |  | 3,463 |
Substandard |  | 2,380 |  |  | 236 |  |  | 58 |  |  | 121 |  |  | — |  |  | 312 |  |  | — |  |  | 3,107 |
Subtotal |  | 127,473 |  |  | 57,712 |  |  | 76,192 |  |  | 74,070 |  |  | 26,287 |  |  | 149,389 |  |  | 88,324 |  |  | 599,447 |
Construction: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk Rating |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | 6,508 |  |  | 19,346 |  |  | 47,954 |  |  | 35,859 |  |  | 13,342 |  |  | 35,117 |  |  | — |  |  | 158,126 |
Subtotal |  | 6,508 |  |  | 19,346 |  |  | 47,954 |  |  | 35,859 |  |  | 13,342 |  |  | 35,117 |  |  | — |  |  | 158,126 |
Residential mortgage: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk Rating |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | 55,009 |  |  | 92,858 |  |  | 261,649 |  |  | 596,350 |  |  | 400,545 |  |  | 480,913 |  |  | — |  |  | 1,887,324 |
Substandard |  | — |  |  | — |  |  | 1,599 |  |  | 294 |  |  | 1,862 |  |  | 6,840 |  |  | — |  |  | 10,595 |
Subtotal |  | 55,009 |  |  | 92,858 |  |  | 263,248 |  |  | 596,644 |  |  | 402,407 |  |  | 487,753 |  |  | — |  |  | 1,897,919 |
Home equity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk Rating |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | 1,231 |  |  | 11,997 |  |  | 29,158 |  |  | 18,224 |  |  | 7,611 |  |  | 24,418 |  |  | 603,434 |  |  | 696,073 |
Substandard |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 915 |  |  | 135 |  |  | 1,050 |
Subtotal |  | 1,231 |  |  | 11,997 |  |  | 29,158 |  |  | 18,224 |  |  | 7,611 |  |  | 25,333 |  |  | 603,569 |  |  | 697,123 |
Commercial mortgage: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk Rating |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | 122,037 |  |  | 95,562 |  |  | 238,401 |  |  | 225,176 |  |  | 112,347 |  |  | 657,231 |  |  | 5,911 |  |  | 1,456,665 |
Special Mention |  | — |  |  | 623 |  |  | — |  |  | 1,438 |  |  | — |  |  | 5,185 |  |  | — |  |  | 7,246 |
Substandard |  | — |  |  | — |  |  | — |  |  | 1,088 |  |  | — |  |  | 5,311 |  |  | — |  |  | 6,399 |
Subtotal |  | 122,037 |  |  | 96,185 |  |  | 238,401 |  |  | 227,702 |  |  | 112,347 |  |  | 667,727 |  |  | 5,911 |  |  | 1,470,310 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk Rating |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | 32,636 |  |  | 91,838 |  |  | 192,185 |  |  | 103,112 |  |  | 24,048 |  |  | 19,153 |  |  | 55,605 |  |  | 518,577 |
Substandard |  | 20 |  |  | 40 |  |  | 254 |  |  | 175 |  |  | 35 |  |  | 578 |  |  | 5 |  |  | 1,107 |
Subtotal |  | 32,656 |  |  | 91,878 |  |  | 192,439 |  |  | 103,287 |  |  | 24,083 |  |  | 19,731 |  |  | 55,610 |  |  | 519,684 |
Total |  | $ | 344,914 |  |  | $ | 369,976 |  |  | $ | 847,392 |  |  | $ | 1,055,786 |  |  | $ | 586,077 |  |  | $ | 1,385,050 |  |  | $ | 753,414 |  |  | $ | 5,342,609 |
(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 |  |  |  |
Nine Months Ended September 30, 2024 |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | Prior |  |  | Total
Commercial and industrial |  | $ | 69 |  |  | $ | 150 |  |  | $ | 241 |  |  | $ | 203 |  |  | $ | 33 |  |  | $ | 1,168 |  |  |  |  | $ | 1,864 |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage |  | — |  |  | — |  |  | 175 |  |  | — |  |  | — |  |  | 208 |  |  |  |  | 383 |
Consumer |  | 75 |  |  | 518 |  |  | 7,944 |  |  | 3,243 |  |  | 408 |  |  | 951 |  |  |  |  | 13,139 |
Gross charge-offs |  | $ | 144 |  |  | $ | 668 |  |  | $ | 8,360 |  |  | $ | 3,446 |  |  | $ | 441 |  |  | $ | 2,327 |  |  |  |  | $ | 15,386 |
(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 |  | $ | 143 |  |  | $ | 239 |  |  | $ | 145 |  |  | $ | — |  |  | $ | 265 |  |  | $ | 751 |  |  |  |  | $ | 1,543 |
Consumer |  | 4 |  |  | 4,988 |  |  | 4,158 |  |  | 871 |  |  | 627 |  |  | 621 |  |  |  |  | 11,269 |
Gross charge-offs |  | $ | 147 |  |  | $ | 5,227 |  |  | $ | 4,303 |  |  | $ | 871 |  |  | $ | 892 |  |  | $ | 1,372 |  |  |  |  | $ | 12,812 |

X
- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//310-10/tableOfContent + Details
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- References No definition available. + Details
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