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LOANS AND CREDIT QUALITY (Tables)

9 Months Ended

Sep. 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)			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

Financing Receivable, Purchased With Credit Deterioration

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

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, 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

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
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

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
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

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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
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-Section 50
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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
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Tabular disclosure of aging analysis for financing receivable.

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-Section 50
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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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