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Off-Balance Sheet Commitments (Tables) | 12 Months Ended
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Dec. 31, 2023
Risks and Uncertainties [Abstract] |
Distribution of Undisbursed Loan Commitments | The following table shows the distribution of undisbursed loan commitments as of the dates indicated:
|  | December 31, |
|  | 2023 |  |  | 2022 |
|  | (in thousands) |
Commitments to extend credit |  | $ | 813,960 |  |  | $ | 780,543 |
Standby letters of credit |  |  | 83,725 |  |  |  | 71,829 |
Commercial letters of credit |  |  | 33,140 |  |  |  | 19,945 |
Total undisbursed loan commitments |  | $ | 930,825 |  |  | $ | 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:
|  | As of and for the Year Ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
|  | (in thousands) |
Balance at beginning of period |  | $ | 3,114 |  |  | $ | 2,586 |  |  | $ | 2,792 |
Provision (recovery) for credit losses |  |  | (640 | ) |  |  | 528 |  |  |  | (206 | )
Balance at end of period |  | $ | 2,474 |  |  | $ | 3,114 |  |  | $ | 2,586 |

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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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