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Off-Balance Sheet Commitments (Tables) | 9 Months Ended
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Sep. 30, 2022
Risks And Uncertainties [Abstract] |
Distribution of Total Loan Commitments | The following table shows the distribution of total loan commitments as of the dates indicated:
|  | September 30, |  |  | December 31, |
|  | 2022 |  |  | 2021 |
|  | (in thousands) |
Unused commitments to extend credit |  | $ | 746,354 |  |  | $ | 626,474 |
Standby letters of credit |  |  | 63,597 |  |  |  | 49,287 |
Commercial letters of credit |  |  | 19,511 |  |  |  | 39,261 |
Total commitments |  | $ | 829,462 |  |  | $ | 715,022 |
Allowance for Credit Losses Related to Off-Balance Sheet Items | Activity in the allowance for credit losses related to off-balance sheet items was as follows for the periods indicated:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
|  | (in thousands) |
Balance at beginning of period |  | $ | 2,313 |  |  | $ | 3,643 |  |  | $ | 2,586 |  |  | $ | 2,792 |
Provision expense (recovery) for credit losses |  |  | 936 |  |  |  | 1,208 |  |  |  | 663 |  |  |  | 2,059 |
Balance at end of period |  | $ | 3,249 |  |  | $ | 4,851 |  |  | $ | 3,249 |  |  | $ | 4,851 |

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- Definition Tabular disclosure of allowance for credit loss on securities borrowed. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447 + Details
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