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Loans and Leases and Allowance for Loan and Lease Losses | 9 Months Ended
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Sep. 30, 2021
Receivables [Abstract] |
Loans and Leases and Allowance for Loan and Lease Losses | Note 5. Loans and Leases and Allowance for Loan and Lease Losses Portfolio Segmentation: Major categories of loans and leases are summarized as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2021 | ​ | December 31, 2020
​ | ​ | PCI | ​ | All Other | ​ | ​ | ​ | ​ | PCI | ​ | All Other | ​ | ​ | ​
​ |  | Loans and Leases1 |  | Loans and Leases |  | Total |  | Loans and Leases1 |  | Loans and Leases |  | Total
Commercial real estate | ​ | $ | 23,156 | ​ | $ | 1,290,091 | ​ | $ | 1,313,247 | ​ | $ | 16,123 | ​ | $ | 996,853 | ​ | $ | 1,012,976
Consumer real estate | ​ |  | 10,863 | ​ |  | 467,298 | ​ |  | 478,161 | ​ |  | 10,258 | ​ |  | 433,672 | ​ |  | 443,930
Construction and land development | ​ |  | 2,904 | ​ |  | 323,470 | ​ |  | 326,374 | ​ |  | 5,348 | ​ |  | 272,727 | ​ |  | 278,075
Commercial and industrial | ​ |  | 2,871 | ​ |  | 466,868 | ​ |  | 469,739 | ​ |  | 308 | ​ |  | 634,138 | ​ |  | 634,446
Leases | ​ | ​ | 3,748 | ​ | ​ | 49,648 | ​ | ​ | 53,396 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Consumer and other | ​ |  | 87 | ​ |  | 11,659 | ​ |  | 11,746 | ​ |  | 27 | ​ |  | 12,789 | ​ |  | 12,816
Total loans and leases | ​ |  | 43,629 | ​ |  | 2,609,034 | ​ |  | 2,652,663 | ​ |  | 32,064 | ​ |  | 2,350,179 | ​ |  | 2,382,243
Less: Allowance for loan and lease losses | ​ |  | (427) | ​ |  | (18,868) | ​ |  | (19,295) | ​ |  | (309) | ​ |  | (18,037) | ​ |  | (18,346)
Loans and leases, net | ​ | $ | 43,202 | ​ | $ | 2,590,166 | ​ | $ | 2,633,368 | ​ | $ | 31,755 | ​ | $ | 2,332,142 | ​ | $ | 2,363,897
1 Purchased Credit Impaired loans and leases (“PCI loans and leases”) are loans and leases with evidence of credit deterioration at purchase. ​ For purposes of the disclosures required pursuant to ASC 310, the loan and lease portfolio was disaggregated into segments. A portfolio segment is defined as the level at which an entity develops and documents a systematic method for determining its allowance for credit losses. There are six loan and lease portfolio segments that include commercial real estate, consumer real estate, construction and land development, commercial and industrial, leases, and consumer and other. As previously mentioned in Note 1 – Presentation of Financial Information, the CARES Act established the PPP, administered directly by the SBA. The PPP provides loans of up to $10 million to small businesses who were affected by economic conditions as a result of COVID-19 to provide cash-flow assistance to employers who maintain their payroll (including healthcare and certain related expenses), mortgage interest, rent, leases, utilities and interest on existing debt during the COVID-19 emergency. PPP loans carry an interest rate of one percent, and a maturity of two or five years. These loans are fully guaranteed by the SBA and are not included in the Company’s loan and lease loss allowance calculations. The loans may be eligible for forgiveness by the SBA to the extent that the proceeds are used to cover eligible payroll costs, interest costs, rent, and utility costs over a period of up to 24 weeks after the loan is made as long as certain conditions are met regarding employee retention and compensation levels. PPP loans deemed eligible for forgiveness by the SBA will be repaid by the SBA to the Company. The SBA pays the Company fees for processing PPP loans and the fees are accounted for as loan origination fees and recognized over the contractual loan term as a yield adjustment on the loans. At September 30, 2021, the net deferred fees outstanding was $3.8 million for the 2021 PPP loans and no net deferred fees were outstanding for the 2020 PPP loans. At December 31, 2020, the net deferred fees outstanding for the 2020 PPP loans was $4.2 million. PPP loans are included in the Commercial and Industrial loan segments. As of September 30, 2021, the Company had 1,126 PPP loans outstanding, with an outstanding principal balance of $87.1 million and as of December 31, 2020, the Company had 2,863 PPP loans outstanding, with an outstanding principal balance of $288.9 million. ​ The composition of loans and leases by loan classification for performing, impaired and PCI loan and leases status is summarized in the tables below (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Construction | ​ | Commercial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Commercial | ​ | Consumer | ​ | and Land | ​ | and | ​ | ​ | ​ | ​ | Consumer | ​ | ​ | ​
​ | ​ | Real Estate | ​ | Real Estate | ​ | Development | ​ | Industrial | ​ | Leases | ​ | and Other | ​ | Total
September 30, 2021: | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
Performing loans and leases |  | $ | 1,289,233 | ​ | $ | 464,881 | ​ | $ | 323,470 | ​ | $ | 466,769 | ​ | $ | 49,648 | ​ | $ | 11,659 | ​ | $ | 2,605,660
Impaired loans and leases | ​ |  | 858 | ​ |  | 2,417 | ​ |  | — | ​ |  | 99 | ​ |  | — | ​ |  | — | ​ |  | 3,374
​ | ​ |  | 1,290,091 | ​ |  | 467,298 | ​ |  | 323,470 | ​ |  | 466,868 | ​ |  | 49,648 | ​ |  | 11,659 | ​ |  | 2,609,034
PCI loans and leases | ​ |  | 23,156 | ​ |  | 10,863 | ​ |  | 2,904 | ​ |  | 2,871 | ​ |  | 3,748 | ​ |  | 87 | ​ |  | 43,629
Total loans and leases | ​ | $ | 1,313,247 | ​ | $ | 478,161 | ​ | $ | 326,374 | ​ | $ | 469,739 | ​ | $ | 53,396 | ​ | $ | 11,746 | ​ | $ | 2,652,663
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, 2020: |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​
Performing loans and leases |  | $ | 992,982 | ​ | $ | 432,356 | ​ | $ | 272,727 | ​ | $ | 633,992 | ​ | $ | — | ​ | $ | 12,789 | ​ | $ | 2,344,846
Impaired loans and leases | ​ |  | 3,871 | ​ |  | 1,316 | ​ |  | — | ​ |  | 146 | ​ |  | — | ​ |  | — | ​ |  | 5,333
​ | ​ |  | 996,853 | ​ |  | 433,672 | ​ |  | 272,727 | ​ |  | 634,138 | ​ |  | — | ​ |  | 12,789 | ​ |  | 2,350,179
PCI loans and leases | ​ |  | 16,123 | ​ |  | 10,258 | ​ |  | 5,348 | ​ |  | 308 | ​ |  | — | ​ |  | 27 | ​ |  | 32,064
Total loans and leases | ​ | $ | 1,012,976 | ​ | $ | 443,930 | ​ | $ | 278,075 | ​ | $ | 634,446 | ​ | $ | — | ​ | $ | 12,816 | ​ | $ | 2,382,243
​ The following tables show the allowance for loan and lease losses allocation by loan and lease classification for impaired, PCI, and performing (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Construction | ​ | Commercial | ​ | ​ | ​ | ​ | Consumer | ​ | ​ | ​
​ | ​ | Commercial | ​ | Consumer | ​ | and Land | ​ | and | ​ | ​ | ​ | ​ | and | ​ | ​ | ​
​ | ​ | Real Estate | ​ | Real Estate | ​ | Development | ​ | Industrial | ​ | Leases | ​ | Other | ​ | Total
September 30, 2021: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Performing loans and leases |  | $ | 8,927 |  | $ | 3,316 |  | $ | 2,218 |  | $ | 3,493 |  | $ | 225 |  | $ | 103 |  | $ | 18,282
Impaired loans and leases | ​ |  | 417 | ​ |  | 70 | ​ |  | — | ​ |  | 99 | ​ |  | — | ​ |  | — | ​ |  | 586
​ | ​ |  | 9,344 | ​ |  | 3,386 | ​ |  | 2,218 | ​ |  | 3,592 | ​ |  | 225 | ​ |  | 103 | ​ |  | 18,868
PCI loans and leases | ​ |  | 61 | ​ |  | 155 | ​ |  | — | ​ |  | 209 | ​ |  | — | ​ |  | 2 | ​ |  | 427
Total loans and leases | ​ | $ | 9,405 | ​ | $ | 3,541 | ​ | $ | 2,218 | ​ | $ | 3,801 | ​ | $ | 225 | ​ | $ | 105 | ​ | $ | 19,295
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, 2020: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Performing loans and leases |  | $ | 7,579 |  | $ | 3,267 |  | $ | 2,076 |  | $ | 4,768 | ​ | $ | — |  | $ | 110 |  | $ | 17,800
Impaired loans and leases | ​ |  | — | ​ |  | 116 | ​ |  | — | ​ |  | 121 | ​ |  | — | ​ |  | — | ​ |  | 237
​ | ​ |  | 7,579 | ​ |  | 3,383 | ​ |  | 2,076 | ​ |  | 4,889 | ​ |  | — | ​ |  | 110 | ​ |  | 18,037
PCI loans and leases | ​ |  | — | ​ |  | 88 | ​ |  | — | ​ |  | 218 | ​ |  | — | ​ |  | 3 | ​ |  | 309
Total loans and leases | ​ | $ | 7,579 | ​ | $ | 3,471 | ​ | $ | 2,076 | ​ | $ | 5,107 | ​ | $ | — | ​ | $ | 113 | ​ | $ | 18,346
​ ​ The following tables detail the changes in the allowance for loan and lease losses by loan and lease classification (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended September 30, 2021
​ | ​ | ​ | ​ | ​ | Consumer | ​ | Construction | ​ | Commercial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Commercial | ​ | Real | ​ | and Land | ​ | and | ​ | ​ | ​ | ​ | Consumer | ​ | ​ | ​
​ | ​ | Real Estate | ​ | Estate |  | Development | ​ | Industrial | ​ | Leases | ​ | and Other | ​ | Total
Beginning balance |  | $ | 8,382 |  | $ | 3,323 |  | $ | 2,061 |  | $ | 4,442 |  | $ | — |  | $ | 102 |  | $ | 18,310
Charged-off loans and leases | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | (41) | ​ |  | (68) | ​ |  | (132) | ​ |  | (241)
Recoveries of charge-offs | ​ |  | 23 | ​ |  | 13 | ​ |  | — | ​ |  | 3 | ​ |  | 5 | ​ |  | 33 | ​ |  | 77
Provision charged to expense | ​ |  | 1,000 | ​ |  | 205 | ​ |  | 157 | ​ |  | (603) | ​ |  | 288 | ​ |  | 102 | ​ |  | 1,149
Ending balance | ​ | $ | 9,405 | ​ | $ | 3,541 | ​ | $ | 2,218 | ​ | $ | 3,801 | ​ | $ | 225 | ​ | $ | 105 | ​ | $ | 19,295
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended September 30, 2020
​ | ​ | ​ | ​ | ​ | Consumer | ​ | Construction | ​ | Commercial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Commercial | ​ | Real | ​ | and Land | ​ | and | ​ | ​ | ​ | ​ | Consumer | ​ | ​ | ​
​ | ​ | Real Estate | ​ | Estate |  | Development | ​ | Industrial | ​ | Leases | ​ | and Other | ​ | Total
Beginning balance |  | $ | 6,595 |  | $ | 3,313 |  | $ | 1,795 |  | $ | 4,443 |  | $ | — |  | $ | 108 |  | $ | 16,254
Charged-off loans and leases | ​ |  | — | ​ |  | (21) | ​ |  | — | ​ |  | (60) | ​ |  | — | ​ |  | (89) | ​ |  | (170)
Recoveries of charge-offs | ​ |  | 11 | ​ |  | 17 | ​ |  | — | ​ |  | 55 | ​ |  | — | ​ |  | 16 | ​ |  | 99
Provision charged to expense | ​ |  | 1,123 | ​ |  | 135 | ​ |  | 265 | ​ |  | 1,025 | ​ |  | — | ​ |  | 86 | ​ |  | 2,634
Ending balance | ​ | $ | 7,729 | ​ | $ | 3,444 | ​ | $ | 2,060 | ​ | $ | 5,463 | ​ | $ | — | ​ | $ | 121 | ​ | $ | 18,817
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Nine Months Ended September 30, 2021
​ | ​ | ​ | ​ | Consumer | ​ | Construction | ​ | Commercial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Commercial | ​ | Real | ​ | and Land | ​ | and | ​ | ​ | ​ | ​ | Consumer | ​ | ​ | ​
​ | ​ | Real Estate | ​ | Estate |  | Development | ​ | Industrial | ​ | Leases | ​ | and Other | ​ | Total
Beginning balance |  | $ | 7,579 |  | $ | 3,471 |  | $ | 2,076 |  | $ | 5,107 |  | $ | — |  | $ | 113 |  | $ | 18,346
Charged-off loans and leases | ​ |  | — | ​ |  | (60) | ​ |  | — | ​ |  | (45) | ​ |  | (68) | ​ |  | (341) | ​ |  | (514)
Recoveries of charge-offs | ​ |  | 29 | ​ |  | 34 | ​ |  | — | ​ |  | 13 | ​ |  | 5 | ​ |  | 171 | ​ |  | 252
Provision charged to expense | ​ |  | 1,797 | ​ |  | 96 | ​ |  | 142 | ​ |  | (1,274) | ​ |  | 288 | ​ |  | 162 | ​ |  | 1,211
Ending balance | ​ | $ | 9,405 | ​ | $ | 3,541 | ​ | $ | 2,218 | ​ | $ | 3,801 | ​ | $ | 225 | ​ | $ | 105 | ​ | $ | 19,295
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Nine Months Ended September 30, 2020
​ | ​ | ​ | ​ | Consumer | ​ | Construction | ​ | Commercial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Commercial | ​ | Real | ​ | and Land | ​ | and | ​ | ​ | ​ | ​ | Consumer | ​ | ​ | ​
​ | ​ | Real Estate | ​ | Estate |  | Development | ​ | Industrial | ​ | Leases | ​ | and Other | ​ | Total
Beginning balance |  | $ | 4,508 |  | $ | 2,576 |  | $ | 1,127 |  | $ | 1,957 |  | $ | — |  | $ | 75 |  | $ | 10,243
Charged-off loans and leases | ​ |  | — | ​ |  | (23) | ​ |  | — | ​ |  | (77) | ​ |  | — | ​ |  | (231) | ​ |  | (331)
Recoveries of charge-offs | ​ |  | 16 | ​ |  | 34 | ​ |  | 2 | ​ |  | 103 | ​ |  | — | ​ |  | 67 | ​ |  | 222
Provision charged to expense | ​ |  | 3,205 | ​ |  | 857 | ​ |  | 931 | ​ |  | 3,480 | ​ |  | — | ​ |  | 210 | ​ |  | 8,683
Ending balance | ​ | $ | 7,729 | ​ | $ | 3,444 | ​ | $ | 2,060 | ​ | $ | 5,463 | ​ | $ | — | ​ | $ | 121 | ​ | $ | 18,817
​ We maintain the allowance at a level that we deem appropriate to adequately cover the probable losses inherent in the loan and lease portfolio. Our provision for loan and lease losses for the three and nine months ended September 30, 2021, is $1.1 million and $1.2 million, respectively, and $2.6 million $8.7 million, during the three and nine months ended September 30, 2020, respectively. As of September 30, 2021, and December 31, 2020, our allowance for loan and lease losses was $19.3 million and $18.3 million, respectively, which we deemed to be adequate at each of the respective dates. Our allowance for loan and lease losses as a percentage of total loans and leases was 0.73% at September 30, 2021 and 0.77% at December 31, 2020. ​ ​ The following tables outline the amount of each loan and lease classification and the amount categorized into each risk rating (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2021
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Construction | ​ | Commercial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Commercial | ​ | Consumer | ​ | and Land | ​ | and | ​ | ​ | ​ | ​ | Consumer | ​ | ​ | ​
Non PCI Loans and Leases: | ​ | Real Estate | ​ | Real Estate |  | Development | ​ | Industrial | ​ | Leases | ​ | and Other | ​ | Total
Pass |  | $ | 1,245,064 |  | $ | 461,422 |  | $ | 323,156 |  | $ | 460,588 |  | $ | 49,648 |  | $ | 11,591 |  | $ | 2,551,469
Watch | ​ |  | 40,106 | ​ |  | 1,490 | ​ |  | 240 | ​ |  | 5,767 | ​ |  | — | ​ |  | 45 | ​ |  | 47,648
Special mention | ​ |  | 3,841 | ​ |  | 1,527 | ​ |  | — | ​ |  | 244 | ​ |  | — | ​ |  | — | ​ |  | 5,612
Substandard | ​ |  | 1,080 | ​ |  | 2,859 | ​ |  | 74 | ​ |  | 224 | ​ |  | — | ​ |  | 23 | ​ |  | 4,260
Doubtful | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 45 | ​ |  | — | ​ |  | — | ​ |  | 45
Total | ​ | ​ | 1,290,091 | ​ | ​ | 467,298 | ​ | ​ | 323,470 | ​ | ​ | 466,868 | ​ | ​ | 49,648 | ​ | ​ | 11,659 | ​ | ​ | 2,609,034
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
PCI Loans and Leases: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pass |  | ​ | 11,769 |  | ​ | 8,473 |  | ​ | 2,344 |  | ​ | 2,824 |  | ​ | 3,748 |  | ​ | 69 |  | ​ | 29,227
Watch | ​ |  | 7,719 | ​ |  | 754 | ​ |  | 91 | ​ |  | 1 | ​ |  | — | ​ |  | 18 | ​ |  | 8,583
Special mention | ​ |  | 579 | ​ |  | 70 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 649
Substandard | ​ |  | 3,089 | ​ |  | 1,566 | ​ |  | 469 | ​ |  | 46 | ​ |  | — | ​ |  | — | ​ |  | 5,170
Doubtful | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Total | ​ | ​ | 23,156 | ​ | ​ | 10,863 | ​ | ​ | 2,904 | ​ | ​ | 2,871 | ​ | ​ | 3,748 | ​ | ​ | 87 | ​ | ​ | 43,629
Total loans and leases | ​ | $ | 1,313,247 | ​ | $ | 478,161 | ​ | $ | 326,374 | ​ | $ | 469,739 | ​ | $ | 53,396 | ​ | $ | 11,746 | ​ | $ | 2,652,663
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2020
​ | ​ | ​ | ​ | ​ | ​ | Construction | ​ | Commercial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Commercial | ​ | Consumer | ​ | and Land | ​ | and | ​ | ​ | ​ | ​ | Consumer | ​ | ​ | ​
Non PCI Loans and Leases: | ​ | Real Estate | ​ | Real Estate |  | Development | ​ | Industrial | ​ | Leases | ​ | and Other | ​ | Total
Pass |  | $ | 922,153 |  | $ | 417,302 |  | $ | 269,350 |  | $ | 625,836 |  | $ | — |  | $ | 12,622 |  | $ | 2,247,263
Watch | ​ |  | 66,287 | ​ |  | 14,218 | ​ |  | 3,296 | ​ |  | 7,673 | ​ |  | — | ​ |  | 137 | ​ |  | 91,611
Special mention | ​ |  | 4,446 | ​ |  | 46 | ​ |  | — | ​ |  | 320 | ​ |  | — | ​ |  | — | ​ |  | 4,812
Substandard | ​ |  | 3,967 | ​ |  | 2,020 | ​ |  | 81 | ​ |  | 261 | ​ |  | — | ​ |  | 30 | ​ |  | 6,359
Doubtful | ​ |  | — | ​ |  | 86 | ​ |  | — | ​ |  | 48 | ​ |  | — | ​ |  | — | ​ |  | 134
Total | ​ | ​ | 996,853 | ​ | ​ | 433,672 | ​ | ​ | 272,727 | ​ | ​ | 634,138 | ​ | ​ | — | ​ | ​ | 12,789 | ​ | ​ | 2,350,179
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
PCI Loans and Leases: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pass |  | ​ | 11,072 |  | ​ | 8,382 |  | ​ | 1,008 |  | ​ | 262 |  | ​ | — |  | ​ | 25 |  | ​ | 20,749
Watch | ​ |  | 3,381 | ​ |  | 224 | ​ |  | 3,820 | ​ |  | — | ​ |  | — | ​ |  | 2 | ​ |  | 7,427
Special mention | ​ |  | 19 | ​ |  | 57 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 76
Substandard | ​ |  | 1,651 | ​ |  | 1,595 | ​ |  | 520 | ​ |  | 46 | ​ |  | — | ​ |  | — | ​ |  | 3,812
Doubtful | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Total | ​ | ​ | 16,123 | ​ | ​ | 10,258 | ​ | ​ | 5,348 | ​ | ​ | 308 | ​ | ​ | — | ​ | ​ | 27 | ​ | ​ | 32,064
Total loans and leases | ​ | $ | 1,012,976 | ​ | $ | 443,930 | ​ | $ | 278,075 | ​ | $ | 634,446 | ​ | $ | — | ​ | $ | 12,816 | ​ | $ | 2,382,243
​ Past Due Loans and Leases: A loan or lease is considered past due if any required principal and interest payments have not been received as of the date such payments were required to be made under the terms of the loan or lease agreement. Generally, management places a loan or lease on nonaccrual when there is a clear indicator that the borrower’s cash flow may not be sufficient to meet payments as they become due, which is generally when a loan or lease is 90 days past due. ​ ​ The following tables present an aging analysis of our loan and lease portfolio (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2021
​ |  | 30-60 Days |  | 61-89 Days |  | Past Due 90 |  | ​ | ​ |  | Total |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
​ |  | Past Due and |  | Past Due and |  | Days or More | ​ | ​ | ​ |  | Past Due and |  | ​ |  | ​ |  | ​
​ |  | Accruing |  | Accruing |  | and Accruing | ​ | Nonaccrual | ​ | Nonaccrual | ​ | PCI | ​ | Current | ​ | Total
Commercial real estate | ​ | $ | 1,599 | ​ | $ | — | ​ | $ | — | ​ | $ | 858 | ​ | $ | 2,457 | ​ | $ | 23,156 | ​ | $ | 1,287,634 | ​ | $ | 1,313,247
Consumer real estate | ​ |  | 170 | ​ |  | — | ​ |  | — | ​ |  | 2,564 | ​ |  | 2,734 | ​ |  | 10,863 | ​ |  | 464,564 | ​ |  | 478,161
Construction and land development | ​ |  | 45 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 45 | ​ |  | 2,904 | ​ |  | 323,425 | ​ |  | 326,374
Commercial and industrial | ​ |  | 342 | ​ |  | 214 | ​ |  | — | ​ |  | 125 | ​ |  | 681 | ​ |  | 2,871 | ​ |  | 466,187 | ​ |  | 469,739
Leases | ​ | ​ | 377 | ​ | ​ | 42 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 419 | ​ | ​ | 3,748 | ​ | ​ | 49,229 | ​ | ​ | 53,396
Consumer and other | ​ |  | 193 | ​ |  | — | ​ |  | — | ​ |  | 20 | ​ |  | 213 | ​ |  | 87 | ​ |  | 11,446 | ​ |  | 11,746
Total | ​ | $ | 2,726 | ​ | $ | 256 | ​ | $ | — | ​ | $ | 3,567 | ​ | $ | 6,549 | ​ | $ | 43,629 | ​ | $ | 2,602,485 | ​ | $ | 2,652,663
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2020
​ |  | 30-60 Days |  | 61-89 Days |  | Past Due 90 |  | ​ | ​ |  | Total |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
​ |  | Past Due and |  | Past Due and |  | Days or More | ​ | ​ | ​ |  | Past Due and |  | ​ |  | ​ |  | ​
​ |  | Accruing |  | Accruing |  | and Accruing | ​ | Nonaccrual | ​ | Nonaccrual | ​ | PCI | ​ | Current | ​ | Total
Commercial real estate | ​ | $ | 134 | ​ | $ | — | ​ | $ | 67 | ​ | $ | 3,740 | ​ | $ | 3,941 | ​ | $ | 16,123 | ​ | $ | 992,912 | ​ | $ | 1,012,976
Consumer real estate | ​ |  | 1,916 | ​ |  | 51 | ​ |  | 82 | ​ |  | 1,823 | ​ |  | 3,872 | ​ |  | 10,258 | ​ |  | 429,800 | ​ |  | 443,930
Construction and land development | ​ |  | 245 | ​ |  | — | ​ |  | — | ​ |  | 12 | ​ |  | 257 | ​ |  | 5,348 | ​ |  | 272,470 | ​ |  | 278,075
Commercial and industrial | ​ |  | 12 | ​ |  | 76 | ​ |  | — | ​ |  | 36 | ​ |  | 124 | ​ |  | 308 | ​ |  | 634,014 | ​ |  | 634,446
Leases | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Consumer and other | ​ |  | 14 | ​ |  | 5 | ​ |  | — | ​ |  | 22 | ​ |  | 41 | ​ |  | 27 | ​ |  | 12,748 | ​ |  | 12,816
Total | ​ | $ | 2,321 | ​ | $ | 132 | ​ | $ | 149 | ​ | $ | 5,633 | ​ | $ | 8,235 | ​ | $ | 32,064 | ​ | $ | 2,341,944 | ​ | $ | 2,382,243
​ Impaired Loans and Leases: The following is an analysis of the impaired loan and lease portfolio, including PCI loans and leases, detailing the related allowance recorded (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | September 30, 2021 |  | December 31, 2020
​ |  | ​ | ​ |  | Unpaid |  | ​ | ​ |  | ​ | ​ |  | Unpaid |  | ​ | ​
​ |  | Recorded |  | Principal |  | Related |  | Recorded |  | Principal |  | Related
​ | ​ | Investment |  | Balance | ​ | Allowance | ​ | Investment |  | Balance | ​ | Allowance
Impaired loans and leases without a valuation allowance: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Commercial real estate | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 3,871 | ​ | $ | 3,872 | ​ | $ | —
Consumer real estate | ​ |  | 2,156 | ​ |  | 2,157 | ​ |  | — | ​ |  | 888 | ​ |  | 888 | ​ |  | —
Construction and land development | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Commercial and industrial | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Leases | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Consumer and other | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
​ | ​ |  | 2,156 | ​ |  | 2,157 | ​ |  | — | ​ |  | 4,759 | ​ |  | 4,760 | ​ |  | —
Impaired loans and leases with a valuation allowance: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Commercial real estate | ​ |  | 858 | ​ |  | 858 | ​ |  | 417 | ​ |  | — | ​ |  | — | ​ |  | —
Consumer real estate | ​ |  | 261 | ​ |  | 263 | ​ |  | 70 | ​ |  | 428 | ​ |  | 428 | ​ |  | 116
Construction and land development | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Commercial and industrial | ​ |  | 99 | ​ |  | 99 | ​ |  | 99 | ​ |  | 146 | ​ |  | 146 | ​ |  | 121
Leases | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Consumer and other | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
​ | ​ |  | 1,218 | ​ |  | 1,220 | ​ |  | 586 | ​ |  | 574 | ​ |  | 574 | ​ |  | 237
PCI loans and leases: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Commercial real estate | ​ |  | 1,206 | ​ |  | 1,500 | ​ |  | 61 | ​ |  | — | ​ |  | — | ​ |  | —
Consumer real estate | ​ |  | 1,196 | ​ |  | 1,318 | ​ |  | 155 | ​ |  | 1,827 | ​ |  | 2,086 | ​ |  | 88
Construction and land development | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Commercial and industrial | ​ |  | 255 | ​ |  | 228 | ​ |  | 209 | ​ |  | 270 | ​ |  | 234 | ​ |  | 218
Leases | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Consumer and other | ​ |  | 6 | ​ |  | 5 | ​ |  | 2 | ​ |  | 21 | ​ |  | 20 | ​ |  | 3
​ | ​ |  | 2,663 | ​ |  | 3,051 | ​ |  | 427 | ​ |  | 2,118 | ​ |  | 2,340 | ​ |  | 309
Total impaired loans and leases | ​ | $ | 6,037 | ​ | $ | 6,428 | ​ | $ | 1,013 | ​ | $ | 7,451 | ​ | $ | 7,674 | ​ | $ | 546
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended September 30,
​ | ​ | 2021 | ​ | 2020
​ |  | Average |  | Interest |  | Average |  | Interest
​ |  | Recorded |  | Income |  | Recorded |  | Income
​ | ​ | Investment | ​ | Recognized |  | Investment |  | Recognized
Impaired loans and leases without a valuation allowance: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Commercial real estate | ​ | $ | — | ​ | $ | — | ​ | $ | 552 | ​ | $ | 3
Consumer real estate | ​ |  | 2,171 | ​ |  | 19 | ​ |  | 758 | ​ |  | 3
Construction and land development | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Commercial and industrial | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Leases | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Consumer and other | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
​ | ​ |  | 2,171 | ​ |  | 19 | ​ |  | 1,310 | ​ |  | 6
Impaired loans and leases with a valuation allowance: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Commercial real estate | ​ |  | 858 | ​ |  | — | ​ |  | 198 | ​ |  | —
Consumer real estate | ​ |  | 261 | ​ |  | 3 | ​ |  | 440 | ​ |  | 4
Construction and land development | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Commercial and industrial | ​ |  | 154 | ​ |  | 2 | ​ |  | 379 | ​ |  | 2
Leases | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Consumer and other | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
​ | ​ |  | 1,273 | ​ |  | 5 | ​ |  | 1,017 | ​ |  | 6
PCI loans and leases: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Commercial real estate | ​ |  | 1,230 | ​ |  | 27 | ​ |  | 8 | ​ |  | —
Consumer real estate | ​ |  | 1,176 | ​ |  | 21 | ​ |  | 1,869 | ​ |  | 38
Construction and land development | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Commercial and industrial | ​ |  | 258 | ​ |  | 1 | ​ |  | 305 | ​ |  | 2
Leases | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Consumer and other | ​ |  | 10 | ​ |  | — | ​ |  | 27 | ​ |  | —
​ | ​ |  | 2,674 | ​ |  | 49 | ​ |  | 2,209 | ​ |  | 40
Total impaired loans and leases | ​ | $ | 6,118 | ​ | $ | 73 | ​ | $ | 4,536 | ​ | $ | 52
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Nine Months Ended September 30,
​ | ​ | 2021 | ​ | 2020
​ |  | Average |  | Interest |  | Average |  | Interest
​ |  | Recorded |  | Income |  | Recorded |  | Income
​ | ​ | Investment | ​ | Recognized |  | Investment |  | Recognized
Impaired loans and leases without a valuation allowance: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Commercial real estate | ​ | $ | 1,000 | ​ | $ | 1 | ​ | $ | 374 | ​ | $ | 7
Consumer real estate | ​ |  | 1,778 | ​ |  | 39 | ​ |  | 653 | ​ |  | 17
Construction and land development | ​ |  | — | ​ |  | — | ​ |  | 289 | ​ |  | —
Commercial and industrial | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Leases | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Consumer and other | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
​ | ​ |  | 2,778 | ​ |  | 40 | ​ |  | 1,316 | ​ |  | 24
Impaired loans and leases with a valuation allowance: | ​ |  |  | ​ |  |  | ​ |  | ​ | ​ |  |
Commercial real estate | ​ |  | 1,218 | ​ |  | 104 | ​ |  | 198 | ​ |  | 2
Consumer real estate | ​ |  | 352 | ​ |  | 11 | ​ |  | 712 | ​ |  | 18
Construction and land development | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Commercial and industrial | ​ |  | 141 | ​ |  | 7 | ​ |  | 269 | ​ |  | 7
Leases | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Consumer and other | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
​ | ​ |  | 1,711 | ​ |  | 122 | ​ |  | 1,179 | ​ |  | 27
PCI loans and leases: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Commercial real estate | ​ |  | 410 | ​ |  | 27 | ​ |  | 250 | ​ |  | 1
Consumer real estate | ​ |  | 1,169 | ​ |  | 64 | ​ |  | 1,344 | ​ |  | 77
Construction and land development | ​ |  | — | ​ |  | — | ​ |  | 58 | ​ |  | —
Commercial and industrial | ​ |  | 263 | ​ |  | 3 | ​ |  | 343 | ​ |  | 5
Leases | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Consumer and other | ​ |  | 15 | ​ |  | — | ​ |  | 29 | ​ |  | —
​ | ​ |  | 1,857 | ​ |  | 94 | ​ |  | 2,024 | ​ |  | 83
Total impaired loans and leases | ​ | $ | 6,346 | ​ | $ | 256 | ​ | $ | 4,519 | ​ | $ | 134
​ Troubled Debt Restructurings: For the periods presented, impaired loans included loans that were classified as TDRs. The restructuring of a loan is considered a TDR if both (i) the borrower is experiencing financial difficulties and (ii) the creditor has granted a concession. In assessing whether or not a borrower is experiencing financial difficulties, the Company considers information currently available regarding the financial condition of the borrower. This information includes, but is not limited to, whether (i) the debtor is currently in payment default on any of its debt; (ii) a payment default is probable in the foreseeable future without the modification; (iii) the debtor has declared or is in the process of declaring bankruptcy; and (iv) the debtor’s projected cash flow is sufficient to satisfy contractual payments due under the original terms of the loan without a modification. The Company considers all aspects of the modification to loan terms to determine whether or not a concession has been granted to the borrower. Key factors considered by the Company include the debtor’s ability to access funds at a market rate for debt with similar risk characteristics, the significance of the modification relative to unpaid principal balance or collateral value of the debt, and the significance of a delay in the timing of payments relative to the original contractual terms of the loan. The most common concessions granted by the Company generally include one or more modifications to the terms of the debt, such as (i) a reduction in the interest rate for the remaining life of the debt; (ii) an extension of the maturity date at an interest rate lower than the current market rate for new debt with similar risk; (iii) a temporary period of interest-only payments; and (iv) a reduction in the contractual payment amount for either a short period or remaining term of the loan. As of September 30, 2021 and December 31, 2020, management had approximately $212 thousand and $257 thousand, respectively, in loans that met the criteria for TDR, none of which were on nonaccrual. A loan is placed back on accrual status when both principal and interest are current, and it is probable that the Company will be able to collect all amounts due (both principal and interest) according to the terms of the loan agreement. There were no loans that were modified as a TDR during the nine months ended September 30, 2021, and one loan that was modified during the nine months ended September 30, 2020. There were no loans that were modified as TDRs during the past nine months and for which there was a subsequent payment default. The Company began offering short-term loan modifications to assist borrowers during the COVID-19 national emergency. CARES Act along with a joint agency statement issued by banking agencies, provides that short-term modifications made in response to COVID-19 does not need to be accounted for as a TDR. Accordingly, the Company does not account for such loan modifications as TDRs. See Note 1 Presentation of Financial Information for more information. At September 30, 2021, the Company had no loans remaining under COVID-19 modifications. Foreclosure Proceedings and Balances: As of September 30, 2021, there were no residential properties secured by real estate included in other real estate owned and there was one residential real estate loan totaling $33 thousand in the process of foreclosure. ​ Purchased Credit Impaired Loans and Leases: The Company has acquired loans and leases where there was, at acquisition, evidence of deterioration of credit quality since origination and it was probable, at acquisition, that all contractually required payments would not be collected. The carrying amount of those loans and leases are as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | September 30, |  | December 31,
​ |  | 2021 |  | 2020
Commercial real estate | ​ | $ | 31,664 | ​ | $ | 23,787
Consumer real estate | ​ |  | 13,211 | ​ |  | 12,692
Construction and land development | ​ |  | 3,686 | ​ |  | 1,812
Commercial and industrial | ​ |  | 3,794 | ​ |  | 6,521
Leases | ​ | ​ | 4,133 | ​ | ​ | —
Consumer and other | ​ |  | 154 | ​ |  | 161
Total loans and leases | ​ |  | 56,642 | ​ |  | 44,973
Less: Remaining purchase discount | ​ |  | (13,013) | ​ |  | (12,909)
Total loans and leases, net of purchase discount | ​ |  | 43,629 | ​ |  | 32,064
Less: Allowance for loan and leases losses | ​ |  | (427) | ​ |  | (309)
Carrying amount, net of allowance | ​ | $ | 43,202 | ​ | $ | 31,755
​ Activity related to the accretable yield on loans and leases acquired with deteriorated credit quality is as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended | ​ | Nine Months Ended
​ | ​ | September 30, | ​ | September 30,
​ |  | 2021 |  | 2020 |  | 2021 |  | 2020
Accretable yield, beginning of period | ​ | $ | 14,522 | ​ | $ | 11,777 | ​ | $ | 16,889 | ​ | $ | 8,454
Additions | ​ |  | 4,072 | ​ |  | — | ​ |  | 4,721 | ​ |  | 2,515
Accretion income | ​ |  | (2,151) | ​ |  | (1,267) | ​ |  | (5,180) | ​ |  | (4,401)
Reclassification | ​ |  | 254 | ​ |  | 265 | ​ |  | 1,931 | ​ |  | 2,428
Other changes, net | ​ |  | (1,034) | ​ |  | 7,405 | ​ |  | (2,698) | ​ |  | 9,184
Accretable yield, end of period | ​ | $ | 15,663 | ​ | $ | 18,180 | ​ | $ | 15,663 | ​ | $ | 18,180
​

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- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2196772 + Details
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