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v3.23.1

Off-Balance Sheet Commitments (Tables) | 3 Months Ended
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Mar. 31, 2023
Risks And Uncertainties [Abstract] |
Distribution of Total Loan Commitments | The following table shows the distribution of total loan commitments as of the dates indicated:
|  | March 31, |  |  | December 31, |
|  | 2023 |  |  | 2022 |
|  | (in thousands) |
Unused commitments to extend credit |  | $ | 834,661 |  |  | $ | 780,543 |
Standby letters of credit |  |  | 71,518 |  |  |  | 71,829 |
Commercial letters of credit |  |  | 18,192 |  |  |  | 19,945 |
Total commitments |  | $ | 924,371 |  |  | $ | 872,317 |
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 March 31, |
|  | 2023 |  |  | 2022 |
|  | (in thousands) |
Balance at beginning of period |  | $ | 3,114 |  |  | $ | 2,586 |
Provision expense (recovery) for credit losses |  |  | (48 | ) |  |  | (228 | )
Balance at end of period |  | $ | 3,066 |  |  | $ | 2,358 |

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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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