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v3.23.2

Off-Balance Sheet Commitments (Tables) | 6 Months Ended
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Jun. 30, 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:
|  | June 30, |  |  | December 31, |
|  | 2023 |  |  | 2022 |
|  | (in thousands) |
Unused commitments to extend credit |  | $ | 791,818 |  |  | $ | 780,543 |
Standby letters of credit |  |  | 75,745 |  |  |  | 71,829 |
Commercial letters of credit |  |  | 25,941 |  |  |  | 19,945 |
Total commitments |  | $ | 893,504 |  |  | $ | 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 June 30, |  |  | Six Months Ended June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
|  | (in thousands) |
Balance at beginning of period |  | $ | 3,066 |  |  | $ | 2,358 |  |  | $ | 3,114 |  |  | $ | 2,586 |
Provision expense (recovery) for credit losses |  |  | (591 | ) |  |  | (45 | ) |  |  | (639 | ) |  |  | (273 | )
Balance at end of period |  | $ | 2,475 |  |  | $ | 2,313 |  |  | $ | 2,475 |  |  | $ | 2,313 |

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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 -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-13 + Details
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