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Loans and Leases and Allowance for Credit Losses | 9 Months Ended
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Sep. 30, 2023
Receivables [Abstract] |
Loans and Leases and Allowance for Credit Losses | Note 5. Loans and Leases and Allowance for Credit Losses Portfolio Segmentation: Major categories of loans and leases are summarized as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, | ​ | December 31,
​ | ​ | 2023 | ​ | 2022
Commercial real estate | ​ | $ | 1,667,176 | ​ | $ | 1,627,761
Consumer real estate | ​ |  | 638,518 | ​ |  | 587,977
Construction and land development | ​ |  | 373,068 | ​ |  | 402,501
Commercial and industrial | ​ |  | 617,115 | ​ |  | 551,867
Leases | ​ | ​ | 68,538 | ​ | ​ | 67,427
Consumer and other | ​ |  | 14,584 | ​ |  | 16,094
Total loans and leases | ​ |  | 3,378,999 | ​ |  | 3,253,627
Less: Allowance for credit losses | ​ |  | (33,687) | ​ |  | (23,334)
Loans and leases, net | ​ | $ | 3,345,312 | ​ | $ | 3,230,293
​ The loan and lease portfolio is disaggregated into segments. 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. The following describe risk characteristics relevant to each of the portfolio segments: Commercial Real Estate: Commercial real estate loans include owner-occupied commercial real estate loans and loans secured by income-producing properties. Owner-occupied commercial real estate loans to operating businesses are long-term financing of land and buildings. These loans are repaid by cash flow generated from the business operation. Real estate loans for income-producing properties such as apartment buildings, office and industrial buildings, and retail shopping centers are repaid from rent income derived from the properties. Loans within this portfolio segment are particularly sensitive to the valuation of real estate. Consumer Real Estate: Consumer real estate loans include real estate loans secured by first liens, second liens, or open end real estate loans, such as home equity lines. These are repaid by various means such as a borrower’s income, sale of the property, or rental income derived from the property. Loans within this portfolio segment are particularly sensitive to the valuation of real estate. Construction and Land Development: Loans for real estate construction and development are repaid through cash flow related to the operations, sale or refinance of the underlying property. This portfolio segment includes extensions of credit to real estate developers or investors where repayment is dependent on the sale of the real estate or income generated from the real estate collateral. Loans within this portfolio segment are particularly sensitive to the valuation of real estate. Commercial and Industrial: The commercial and industrial loan portfolio segment includes commercial and financial loans. These loans include those loans to commercial customers for use in normal business operations to finance working capital needs, equipment purchases, or expansion projects. Loans are repaid by business cash flows. Collection risk in this portfolio is driven by the creditworthiness of the underlying borrower, particularly cash flows from the customers’ business operations. Leases: The lease portfolio segment includes leases to small and mid-size companies for equipment financing leases. These leases are secured by a secured interest in the equipment being leased. ​ Consumer and Other: The consumer loan portfolio segment includes direct consumer installment loans, overdrafts and other revolving credit loans, and educational loans. Loans in this portfolio are sensitive to unemployment and other key consumer economic measures. The Bank occasionally enters into loan participation agreements with other banks in the ordinary course of business to diversify credit risk. For certain sold participation loans, the Bank has retained effective control of the loans, typically by restricting the participating institutions from pledging or selling their share of the loan without permission from the Bank. GAAP requires the participated portion of these loans to be recorded as secured borrowings. The participated portions of these loans are included in the Commercial Real Estate totals above with a corresponding liability reflected in other borrowings. At September 30, 2023 and December 31, 2022, the balance of such loans totaled $0 and $24.6 million, respectively. ​ The following tables detail the changes in the allowance for credit losses by loan and lease classification (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended September 30, 2023
​ | ​ | ​ | ​ | ​ | Consumer | ​ | Construction | ​ | Commercial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Commercial | ​ | Real | ​ | and Land | ​ | and | ​ | ​ | ​ | ​ | Consumer | ​ | ​ | ​
​ | ​ | Real Estate | ​ | Estate |  | Development | ​ | Industrial | ​ | Leases | ​ | and Other | ​ | Total
Beginning balance |  | $ | 14,314 |  | $ | 6,748 |  | $ | 5,446 |  | $ | 5,504 |  | $ | 586 |  | $ | 149 |  | $ | 32,747
Charged-off loans and leases | ​ |  | — | ​ |  | (9) | ​ |  | — | ​ |  | (179) | ​ |  | (143) | ​ |  | (86) | ​ |  | (417)
Recoveries of charge-offs | ​ |  | 2 | ​ |  | 4 | ​ |  | — | ​ |  | 48 | ​ |  | — | ​ |  | 19 | ​ |  | 73
Provision charged to expense (1) | ​ |  | 691 | ​ |  | 413 | ​ |  | (369) | ​ |  | 307 | ​ |  | 201 | ​ |  | 41 | ​ |  | 1,284
Ending balance | ​ | $ | 15,007 | ​ | $ | 7,156 | ​ | $ | 5,077 | ​ | $ | 5,680 | ​ | $ | 644 | ​ | $ | 123 | ​ | $ | 33,687
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended September 30, 2022
​ | ​ | ​ | ​ | ​ | Consumer | ​ | Construction | ​ | Commercial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Commercial | ​ | Real | ​ | and Land | ​ | and | ​ | ​ | ​ | ​ | Consumer | ​ | ​ | ​
​ | ​ | Real Estate | ​ | Estate |  | Development | ​ | Industrial | ​ | Leases | ​ | and Other | ​ | Total
Beginning balance |  | $ | 10,600 |  | $ | 3,835 |  | $ | 2,904 |  | $ | 3,659 |  | $ | 807 |  | $ | 133 |  | $ | 21,938
Charged-off loans and leases | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | (51) | ​ |  | — | ​ |  | (180) | ​ |  | (231)
Recoveries of charge-offs | ​ |  | — | ​ |  | 7 | ​ |  | — | ​ |  | 19 | ​ |  | 29 | ​ |  | 33 | ​ |  | 88
Provision charged to expense | ​ |  | (21) | ​ |  | 166 | ​ |  | 272 | ​ |  | 208 | ​ |  | 198 | ​ |  | 151 | ​ |  | 974
Ending balance | ​ | $ | 10,579 | ​ | $ | 4,008 | ​ | $ | 3,176 | ​ | $ | 3,835 | ​ | $ | 1,034 | ​ | $ | 137 | ​ | $ | 22,769
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Nine Months Ended September 30, 2023
​ | ​ | ​ | ​ | Consumer | ​ | Construction | ​ | Commercial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Commercial | ​ | Real | ​ | and Land | ​ | and | ​ | ​ | ​ | ​ | Consumer | ​ | ​ | ​
​ | ​ | Real Estate | ​ | Estate |  | Development | ​ | Industrial | ​ | Leases | ​ | and Other | ​ | Total
Beginning balance |  | $ | 10,821 |  | $ | 4,028 |  | $ | 3,059 |  | $ | 3,997 |  | $ | 1,293 |  | $ | 136 |  | $ | 23,334
Impact of adopting ASU 2016-13 | ​ | ​ | 879 | ​ | ​ | 1,952 | ​ | ​ | 2,145 | ​ | ​ | 1,451 | ​ | ​ | (683) | ​ | ​ | 13 | ​ | ​ | 5,757
PCD gross up | ​ | ​ | 2,652 | ​ | ​ | 166 | ​ | ​ | 25 | ​ | ​ | 27 | ​ | ​ | 28 | ​ | ​ | — | ​ | ​ | 2,898
Charged-off loans and leases | ​ |  | — | ​ |  | (9) | ​ |  | — | ​ |  | (387) | ​ |  | (211) | ​ |  | (332) | ​ |  | (939)
Recoveries of charge-offs | ​ |  | 5 | ​ |  | 13 | ​ |  | 25 | ​ |  | 153 | ​ |  | — | ​ |  | 187 | ​ |  | 383
Provision charged to expense (1) | ​ |  | 650 | ​ |  | 1,006 | ​ |  | (177) | ​ |  | 439 | ​ |  | 217 | ​ |  | 119 | ​ |  | 2,254
Ending balance | ​ | $ | 15,007 | ​ | $ | 7,156 | ​ | $ | 5,077 | ​ | $ | 5,680 | ​ | $ | 644 | ​ | $ | 123 | ​ | $ | 33,687
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Nine Months Ended September 30, 2022
​ | ​ | ​ | ​ | Consumer | ​ | Construction | ​ | Commercial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Commercial | ​ | Real | ​ | and Land | ​ | and | ​ | ​ | ​ | ​ | Consumer | ​ | ​ | ​
​ | ​ | Real Estate | ​ | Estate |  | Development | ​ | Industrial | ​ | Leases | ​ | and Other | ​ | Total
Beginning balance |  | $ | 9,781 |  | $ | 3,454 |  | $ | 1,882 |  | $ | 3,781 |  | $ | 330 |  | $ | 124 |  | $ | 19,352
Charged-off loans and leases | ​ |  | — | ​ |  | (33) | ​ |  | — | ​ |  | (240) | ​ |  | (108) | ​ |  | (482) | ​ |  | (863)
Recoveries of charge-offs | ​ |  | 4 | ​ |  | 561 | ​ |  | — | ​ |  | 162 | ​ |  | 192 | ​ |  | 131 | ​ |  | 1,050
Provision charged to expense | ​ |  | 794 | ​ |  | 26 | ​ |  | 1,294 | ​ |  | 132 | ​ |  | 620 | ​ |  | 364 | ​ |  | 3,230
Ending balance | ​ | $ | 10,579 | ​ | $ | 4,008 | ​ | $ | 3,176 | ​ | $ | 3,835 | ​ | $ | 1,034 | ​ | $ | 137 | ​ | $ | 22,769
​
| (1) | In the provision charged to expense there was a release of $489 thousand and $796 thousand for unfunded commitments through the provision for credit losses not reflected in the three and nine months ended September 30, 2023.
​ ​ The following tables detail the allowance for credit losses and recorded investment in loans by loan classification and by impairment evaluation method as of December 31, 2022, as determined in accordance with ASC 310 prior to the adoption of ASU 2016-13 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Construction | ​ | Commercial | ​ | ​ | ​ | ​ | Consumer | ​ | ​ | ​
​ | ​ | Commercial | ​ | Consumer | ​ | and Land | ​ | and | ​ | ​ | ​ | ​ | and | ​ | ​ | ​
​ | ​ | Real Estate | ​ | Real Estate | ​ | Development | ​ | Industrial | ​ | Leases | ​ | Other | ​ | Total
December 31, 2022: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Performing loans and leases |  | $ | 10,815 |  | $ | 3,913 |  | $ | 2,674 |  | $ | 3,997 |  | $ | 1,293 |  | $ | 136 |  | $ | 22,828
Impaired loans and leases | ​ |  | — | ​ | ​ | — | ​ |  | 385 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 385
​ | ​ |  | 10,815 | ​ |  | 3,913 | ​ |  | 3,059 | ​ |  | 3,997 | ​ |  | 1,293 | ​ |  | 136 | ​ |  | 23,213
PCI loans and leases | ​ |  | 6 | ​ |  | 115 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 121
Total allowance for loans and leases | ​ | $ | 10,821 | ​ | $ | 4,028 | ​ | $ | 3,059 | ​ | $ | 3,997 | ​ | $ | 1,293 | ​ | $ | 136 | ​ | $ | 23,334
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Construction | ​ | Commercial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Commercial | ​ | Consumer | ​ | and Land | ​ | and | ​ | ​ | ​ | ​ | Consumer | ​ | ​ | ​
​ | ​ | Real Estate | ​ | Real Estate | ​ | Development | ​ | Industrial | ​ | Leases | ​ | and Other | ​ | Total
December 31, 2022: | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
Performing loans and leases |  | $ | 1,611,815 | ​ | $ | 578,342 | ​ | $ | 400,114 | ​ | $ | 549,974 | ​ | $ | 66,459 | ​ | $ | 16,091 | ​ | $ | 3,222,795
Impaired loans and leases | ​ |  | — | ​ |  | 1,283 | ​ |  | 858 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 2,141
​ | ​ |  | 1,611,815 | ​ |  | 579,625 | ​ |  | 400,972 | ​ |  | 549,974 | ​ |  | 66,459 | ​ |  | 16,091 | ​ |  | 3,224,936
PCI loans and leases | ​ |  | 15,946 | ​ |  | 8,352 | ​ |  | 1,529 | ​ |  | 1,893 | ​ |  | 968 | ​ |  | 3 | ​ |  | 28,691
Total loans and leases | ​ | $ | 1,627,761 | ​ | $ | 587,977 | ​ | $ | 402,501 | ​ | $ | 551,867 | ​ | $ | 67,427 | ​ | $ | 16,094 | ​ | $ | 3,253,627
​ ​ We maintain the allowance for credit losses at a level that we deem appropriate to adequately cover the expected credit loss in the loan and lease portfolio. Our provision for loan and lease losses for the three and nine months ended September 30, 2023, is $1.3 million and $2.3 million, respectively, and $974 thousand and $3.2 million, during the three and nine months ended September 30, 2022, respectively. As of September 30, 2023, and December 31, 2022, our allowance for credit losses was $33.7 million and $23.3 million, respectively, which we deemed to be adequate at each of the respective dates. Our allowance for credit losses as a percentage of total loans and leases was 1.00% at September 30, 2023, and 0.72% at December 31, 2022. ​ A description of the general characteristics of the risk grades used by the Company is as follows: Pass: Loans and leases in this risk category involve borrowers of acceptable-to-strong credit quality and risk who have the apparent ability to satisfy their loan and lease obligations. Loans and leases in this risk grade would possess sufficient mitigating factors, such as adequate collateral or strong guarantors possessing the capacity to repay the debt if required, for any weakness that may exist. Watch: Loans and leases in this risk category involve borrowers that exhibit characteristics, or are operating under conditions that, if not successfully mitigated as planned, have a reasonable risk of resulting in a downgrade within the next six to twelve months. Loans and leases may remain in this risk category for six months and then are either upgraded or downgraded upon subsequent evaluation. Special Mention: Loans and leases in this risk grade are the equivalent of the regulatory definition of “Other Assets Especially Mentioned” classification. Loans and leases in this category possess some credit deficiency or potential weakness, which requires a high level of management attention. Potential weaknesses include declining trends in operating earnings and cash flows and /or reliance on the secondary source of repayment. If left uncorrected, these potential weaknesses may result in noticeable deterioration of the repayment prospects for the asset or in the Company’s credit position. Substandard: Loans and leases in this risk grade are inadequately protected by the borrower’s current financial condition and payment capability or of the collateral pledged, if any. Loans and leases so classified have a well-defined weakness or weaknesses that jeopardize the orderly repayment of debt. They are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Doubtful: Loans and leases in this risk grade have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or orderly repayment in full, on the basis of current existing facts, conditions and values, highly questionable and improbable. Possibility of loss is extremely high, but because of certain important and reasonably specific factors that may work to the advantage and strengthening of the exposure, its classification as an estimated loss is deferred until its more exact status may be determined. Uncollectible: Loans and leases in this risk grade are considered to be non-collectible and of such little value that their continuance as bankable assets is not warranted. This does not mean the loan or lease has absolutely no recovery value, but rather it is neither practical nor desirable to defer writing off the loan or lease, even though partial recovery may be obtained in the future. Charge-offs against the allowance for credit losses are taken in the period in which the loan or lease becomes uncollectible. Consequently, the Company typically does not maintain a recorded investment in loans or leases within this category. The Company evaluates the loan risk grading system definitions and allowance for credit loss methodology on an ongoing basis. There were no changes to these subsequent to adoption ASU 2016-13 on January 1, 2023. ​ The following tables outline the amount of each loan and lease classification and the amount categorized into each risk rating based on year of origination (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | September 30, 2023
​ | Loans Amortized Cost Basis by Origination Year | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Revolving | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Loans | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Revolving | ​ | Converted | ​ | ​ | ​
​ | 2023 | ​ | 2022 | ​ | 2021 | ​ | 2020 | ​ | 2019 | ​ | Prior | ​ | Loans | ​ | to Term | ​ | Total
Commercial real estate | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pass | $ | 168,217 | ​ | $ | 553,613 | ​ | $ | 436,468 | ​ | $ | 187,188 | ​ | $ | 141,248 | ​ | $ | 118,422 | ​ | $ | 14,878 | ​ | $ | 8,163 | ​ | $ | 1,628,197
Watch | ​ | 20,665 | ​ | ​ | 1,269 | ​ | ​ | 2,418 | ​ | ​ | 2,652 | ​ | ​ | 3,848 | ​ | ​ | 267 | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 31,119
Special mention | ​ | - | ​ | ​ | 3,234 | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 3,234
Substandard | ​ | 968 | ​ | ​ | - | ​ | ​ | 3,145 | ​ | ​ | 51 | ​ | ​ | - | ​ | ​ | 462 | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 4,626
Doubtful | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | -
Total commercial real estate | ​ | 189,850 | ​ | ​ | 558,116 | ​ | ​ | 442,031 | ​ | ​ | 189,891 | ​ | ​ | 145,096 | ​ | ​ | 119,151 | ​ | ​ | 14,878 | ​ | ​ | 8,163 | ​ | ​ | 1,667,176
YTD gross charge-offs | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | -
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Consumer real estate | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pass | ​ | 94,979 | ​ | ​ | 179,838 | ​ | ​ | 100,852 | ​ | ​ | 55,222 | ​ | ​ | 34,531 | ​ | ​ | 53,597 | ​ | ​ | 109,227 | ​ | ​ | 3,032 | ​ | ​ | 631,278
Watch | ​ | 171 | ​ | ​ | 71 | ​ | ​ | 319 | ​ | ​ | 289 | ​ | ​ | - | ​ | ​ | 108 | ​ | ​ | 1,714 | ​ | ​ | - | ​ | ​ | 2,672
Special mention | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 54 | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 54
Substandard | ​ | 198 | ​ | ​ | 905 | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 164 | ​ | ​ | 2,908 | ​ | ​ | 339 | ​ | ​ | - | ​ | ​ | 4,514
Doubtful | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | -
Total consumer real estate | ​ | 95,348 | ​ | ​ | 180,814 | ​ | ​ | 101,171 | ​ | ​ | 55,511 | ​ | ​ | 34,695 | ​ | ​ | 56,667 | ​ | ​ | 111,280 | ​ | ​ | 3,032 | ​ | ​ | 638,518
YTD gross charge-offs | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (9) | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (9)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Construction and land development | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pass | ​ | 95,692 | ​ | ​ | 166,355 | ​ | ​ | 50,591 | ​ | ​ | 4,188 | ​ | ​ | 5,162 | ​ | ​ | 7,265 | ​ | ​ | 35,908 | ​ | ​ | 1,797 | ​ | ​ | 366,958
Watch | ​ | 4,194 | ​ | ​ | 399 | ​ | ​ | 451 | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 2 | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 5,046
Special mention | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | -
Substandard | ​ | - | ​ | ​ | - | ​ | ​ | 36 | ​ | ​ | 620 | ​ | ​ | - | ​ | ​ | 408 | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 1,064
Doubtful | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | -
Total construction and land development | ​ | 99,886 | ​ | ​ | 166,754 | ​ | ​ | 51,078 | ​ | ​ | 4,808 | ​ | ​ | 5,162 | ​ | ​ | 7,675 | ​ | ​ | 35,908 | ​ | ​ | 1,797 | ​ | ​ | 373,068
YTD gross charge-offs | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | -
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial and industrial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pass | ​ | 137,793 | ​ | ​ | 174,721 | ​ | ​ | 67,809 | ​ | ​ | 24,379 | ​ | ​ | 11,313 | ​ | ​ | 26,674 | ​ | ​ | 164,939 | ​ | ​ | 8,006 | ​ | ​ | 615,634
Watch | ​ | - | ​ | ​ | 631 | ​ | ​ | 214 | ​ | ​ | 129 | ​ | ​ | 75 | ​ | ​ | 75 | ​ | ​ | 138 | ​ | ​ | - | ​ | ​ | 1,262
Special mention | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 13 | ​ | ​ | 13
Substandard | ​ | 206 | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 206
Doubtful | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | -
Total commercial and industrial | ​ | 137,999 | ​ | ​ | 175,352 | ​ | ​ | 68,023 | ​ | ​ | 24,508 | ​ | ​ | 11,388 | ​ | ​ | 26,749 | ​ | ​ | 165,077 | ​ | ​ | 8,019 | ​ | ​ | 617,115
YTD gross charge-offs | ​ | - | ​ | ​ | (154) | ​ | ​ | (50) | ​ | ​ | (183) | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (387)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Leases | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pass | ​ | 23,304 | ​ | ​ | 29,453 | ​ | ​ | 10,074 | ​ | ​ | 4,459 | ​ | ​ | 933 | ​ | ​ | 315 | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 68,538
Watch | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | -
Special mention | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | -
Substandard | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | -
Doubtful | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | -
Total leases | ​ | 23,304 | ​ | ​ | 29,453 | ​ | ​ | 10,074 | ​ | ​ | 4,459 | ​ | ​ | 933 | ​ | ​ | 315 | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 68,538
YTD gross charge-offs | ​ | (27) | ​ | ​ | (163) | ​ | ​ | (9) | ​ | ​ | - | ​ | ​ | (12) | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (211)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Consumer and other | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pass | ​ | 5,539 | ​ | ​ | 2,314 | ​ | ​ | 1,060 | ​ | ​ | 671 | ​ | ​ | 148 | ​ | ​ | 229 | ​ | ​ | 4,538 | ​ | ​ | 73 | ​ | ​ | 14,572
Watch | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 12 | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 12
Special mention | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | -
Substandard | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | -
Doubtful | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | -
Total consumer and other | ​ | 5,539 | ​ | ​ | 2,314 | ​ | ​ | 1,060 | ​ | ​ | 671 | ​ | ​ | 160 | ​ | ​ | 229 | ​ | ​ | 4,538 | ​ | ​ | 73 | ​ | ​ | 14,584
YTD gross charge-offs | ​ | (22) | ​ | ​ | (115) | ​ | ​ | (62) | ​ | ​ | (48) | ​ | ​ | (26) | ​ | ​ | (59) | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (332)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total loans | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pass | ​ | 525,524 | ​ | ​ | 1,106,294 | ​ | ​ | 666,854 | ​ | ​ | 276,107 | ​ | ​ | 193,335 | ​ | ​ | 206,502 | ​ | ​ | 329,490 | ​ | ​ | 21,071 | ​ | ​ | 3,325,177
Watch | ​ | 25,030 | ​ | ​ | 2,370 | ​ | ​ | 3,402 | ​ | ​ | 3,070 | ​ | ​ | 3,935 | ​ | ​ | 452 | ​ | ​ | 1,852 | ​ | ​ | - | ​ | ​ | 40,111
Special mention | ​ | - | ​ | ​ | 3,234 | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 54 | ​ | ​ | - | ​ | ​ | 13 | ​ | ​ | 3,301
Substandard | ​ | 1,372 | ​ | ​ | 905 | ​ | ​ | 3,181 | ​ | ​ | 671 | ​ | ​ | 164 | ​ | ​ | 3,778 | ​ | ​ | 339 | ​ | ​ | - | ​ | ​ | 10,410
Doubtful | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | -
Total loans | $ | 551,926 | ​ | $ | 1,112,803 | ​ | $ | 673,437 | ​ | $ | 279,848 | ​ | $ | 197,434 | ​ | $ | 210,786 | ​ | $ | 331,681 | ​ | $ | 21,084 | ​ | $ | 3,378,999
Total YTD gross charge-offs | $ | (49) | ​ | $ | (432) | ​ | $ | (121) | ​ | $ | (231) | ​ | $ | (38) | ​ | $ | (68) | ​ | $ | - | ​ | $ | - | ​ | $ | (939)
​ The following tables outline the amount of each loan and lease classification and the amount categorized into each risk rating as of December 31, 2022, prior to the adoption of ASU 2016-13 (in thousands): ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2022
​ | ​ | ​ | ​ | ​ | ​ | Construction | ​ | Commercial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Commercial | ​ | Consumer | ​ | and Land | ​ | and | ​ | ​ | ​ | ​ | Consumer | ​ | ​ | ​
Non PCI Loans and Leases: | ​ | Real Estate | ​ | Real Estate |  | Development | ​ | Industrial | ​ | Leases | ​ | and Other | ​ | Total
Pass |  | $ | 1,579,387 |  | $ | 576,428 |  | $ | 399,846 |  | $ | 545,210 |  | $ | 66,459 |  | $ | 16,057 |  | $ | 3,183,387
Watch | ​ |  | 29,810 | ​ |  | 1,496 | ​ |  | 224 | ​ |  | 4,523 | ​ |  | — | ​ |  | 19 | ​ |  | 36,072
Special mention | ​ |  | 2,539 | ​ |  | 35 | ​ |  | — | ​ |  | 61 | ​ |  | — | ​ |  | — | ​ |  | 2,635
Substandard | ​ |  | 79 | ​ |  | 1,666 | ​ |  | 902 | ​ |  | 180 | ​ |  | — | ​ |  | 15 | ​ |  | 2,842
Doubtful | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Total | ​ | ​ | 1,611,815 | ​ | ​ | 579,625 | ​ | ​ | 400,972 | ​ | ​ | 549,974 | ​ | ​ | 66,459 | ​ | ​ | 16,091 | ​ | ​ | 3,224,936
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
PCI Loans and Leases: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pass |  | ​ | 11,924 |  | ​ | 6,927 |  | ​ | 1,054 |  | ​ | 1,893 |  | ​ | 968 |  | ​ | 3 |  | ​ | 22,769
Watch | ​ |  | 1,439 | ​ |  | 188 | ​ |  | 46 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 1,673
Special mention | ​ |  | 11 | ​ |  | 54 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 65
Substandard | ​ |  | 2,572 | ​ |  | 1,183 | ​ |  | 429 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 4,184
Doubtful | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Total | ​ | ​ | 15,946 | ​ | ​ | 8,352 | ​ | ​ | 1,529 | ​ | ​ | 1,893 | ​ | ​ | 968 | ​ | ​ | 3 | ​ | ​ | 28,691
Total loans and leases | ​ | $ | 1,627,761 | ​ | $ | 587,977 | ​ | $ | 402,501 | ​ | $ | 551,867 | ​ | $ | 67,427 | ​ | $ | 16,094 | ​ | $ | 3,253,627
​ 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, 2023 | ​
​ |  | ​ |  | ​ |  | 90 Days |  | ​ |  | ​ | ​ | ​ | ​ |
​ |  | 30-59 Days |  | 60-89 Days |  | or More |  | Total |  | Loans Not | ​ | Total |
​ |  | Past Due |  | Past Due |  | Past Due | ​ | Past Due | ​ | Past Due | ​ | Loans | ​
Commercial real estate | ​ | $ | 862 | ​ | $ | — | ​ | $ | — | ​ | $ | 862 | ​ | $ | 1,666,314 | ​ | $ | 1,667,176 | ​
Consumer real estate | ​ |  | 706 | ​ |  | 401 | ​ |  | 34 | ​ |  | 1,141 | ​ |  | 637,377 | ​ | ​ | 638,518 | ​
Construction and land development | ​ |  | 110 | ​ |  | 408 | ​ |  | — | ​ |  | 518 | ​ |  | 372,550 | ​ | ​ | 373,068 | ​
Commercial and industrial | ​ |  | 1,384 | ​ |  | 945 | ​ |  | 98 | ​ |  | 2,427 | ​ |  | 614,688 | ​ | ​ | 617,115 | ​
Leases | ​ | ​ | 118 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 118 | ​ | ​ | 68,420 | ​ | ​ | 68,538 | ​
Consumer and other | ​ |  | 95 | ​ |  | — | ​ |  | 97 | ​ |  | 192 | ​ |  | 14,392 | ​ | ​ | 14,584 | ​
Total | ​ | $ | 3,275 | ​ | $ | 1,754 | ​ | $ | 229 | ​ | $ | 5,258 | ​ | $ | 3,373,741 | ​ | $ | 3,378,999 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2022 | ​
​ |  | ​ |  | ​ |  | 90 Days |  | ​ |  | ​ | ​ | ​ | ​ | ​ |
​ |  | 30-59 Days |  | 60-89 Days |  | or More |  | Total |  | Loans Not | ​ | Total |
​ |  | Past Due |  | Past Due |  | Past Due | ​ | Past Due | ​ | Past Due | ​ | Loans | ​
Commercial real estate | ​ | $ | 54 | ​ | $ | — | ​ | $ | — | ​ | $ | 54 | ​ | $ | 1,627,707 | ​ | ​ | 1,627,761 | ​
Consumer real estate | ​ |  | 594 | ​ |  | — | ​ |  | — | ​ |  | 594 | ​ |  | 587,383 | ​ | ​ | 587,977 | ​
Construction and land development | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 402,501 | ​ | ​ | 402,501 | ​
Commercial and industrial | ​ |  | 185 | ​ |  | 18 | ​ |  | — | ​ |  | 203 | ​ |  | 551,664 | ​ | ​ | 551,867 | ​
Leases | ​ | ​ | 1,024 | ​ | ​ | 84 | ​ | ​ | 143 | ​ | ​ | 1,251 | ​ | ​ | 66,176 | ​ | ​ | 67,427 | ​
Consumer and other | ​ |  | 103 | ​ |  | 4 | ​ |  | — | ​ |  | 107 | ​ |  | 15,987 | ​ | ​ | 16,094 | ​
Total | ​ | $ | 1,960 | ​ | $ | 106 | ​ | $ | 143 | ​ | $ | 2,209 | ​ | $ | 3,251,418 | ​ | $ | 3,253,627 | ​
​ The table below presents the amortized cost basis of loans on nonaccrual status and loans past due 90 or more days and still accruing interest at September 30, 2023 and December 31, 2022. Also presented is the balance of loans on nonaccrual status at September 30, 2023 for which there was no related allowance for credit losses recorded (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2023 | ​ | December 31, 2022
​ |  | Total |  | Nonaccrual |  | Loans Past Due |  | Total |  | Loans Past Due
​ |  | Nonaccrual |  | With No Allowance |  | Over 90 Days | ​ | Nonaccrual |  | Over 90 Days
​ |  | Loans |  | for Credit Losses |  | Still Accruing | ​ | Loans | ​ | Still Accruing
Commercial real estate | ​ | $ | 741 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | —
Consumer real estate | ​ |  | 2,064 | ​ |  | 1,154 | ​ |  | 34 | ​ |  | 1,665 | ​ |  | —
Construction and land development | ​ |  | 620 | ​ |  | — | ​ |  | — | ​ |  | 920 | ​ |  | —
Commercial and industrial | ​ |  | 314 | ​ |  | — | ​ |  | 98 | ​ |  | 180 | ​ |  | —
Leases | ​ | ​ | 195 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 28 | ​ | ​ | 143
Consumer and other | ​ |  | — | ​ |  | — | ​ |  | 97 | ​ |  | 15 | ​ |  | —
Total | ​ | $ | 3,934 | ​ | $ | 1,154 | ​ | $ | 229 | ​ | $ | 2,808 | ​ | $ | 143
​ The following table presents the amortized cost basis of collateral dependent loans, which are individually evaluated to determine expected credit losses (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2023
​ |  | Real Estate |  | Other |  | Total
Commercial real estate | ​ | $ | 3,836 | ​ | $ | — | ​ | $ | 3,836
Consumer real estate | ​ |  | 2,434 | ​ |  | — | ​ |  | 2,434
Construction and land development | ​ |  | 1,411 | ​ |  | — | ​ |  | 1,411
Commercial and industrial | ​ |  | — | ​ |  | — | ​ |  | —
Leases | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Consumer and other | ​ |  | — | ​ |  | — | ​ |  | —
Total | ​ | $ | 7,681 | ​ | $ | — | ​ | $ | 7,681
​ ​ Impaired Loans and Leases: ​ The following table presents impaired loans at December 31, 2022, as determined under ASC 310 prior to the adoption of ASU 2016-13. A loan or lease held for investment is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due (both principal and interest) according to the terms of the loan or lease agreement. Presented are the recorded investment, unpaid principal balance and related allowance of impaired loans at December 31, 2022, by loan classification (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, 2022
​ |  | ​ | ​ |  | Unpaid |  | ​ | ​
​ |  | Recorded |  | Principal |  | Related
​ | ​ | Investment |  | Balance | ​ | Allowance
Impaired loans and leases without a valuation allowance: |  | ​ |  |  | ​ |  |  | ​ |
Commercial real estate | ​ | $ | — | ​ | $ | — | ​ | $ | —
Consumer real estate | ​ |  | 1,283 | ​ |  | 1,282 | ​ |  | —
Construction and land development | ​ |  | — | ​ |  | — | ​ |  | —
Commercial and industrial | ​ |  | — | ​ |  | — | ​ |  | —
Leases | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Consumer and other | ​ |  | — | ​ |  | — | ​ |  | —
​ | ​ |  | 1,283 | ​ |  | 1,282 | ​ |  | —
Impaired loans and leases with a valuation allowance: | ​ |  |  | ​ |  |  | ​ |  |
Commercial real estate | ​ |  | — | ​ |  | — | ​ |  | —
Consumer real estate | ​ |  | — | ​ |  | — | ​ |  | —
Construction and land development | ​ |  | 858 | ​ |  | 858 | ​ |  | 385
Commercial and industrial | ​ |  | — | ​ |  | — | ​ |  | —
Leases | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Consumer and other | ​ |  | — | ​ |  | — | ​ |  | —
​ | ​ |  | 858 | ​ |  | 858 | ​ |  | 385
PCI loans and leases: | ​ |  |  | ​ |  |  | ​ |  |
Commercial real estate | ​ |  | 500 | ​ |  | 580 | ​ | ​ | 6
Consumer real estate | ​ |  | 684 | ​ |  | 646 | ​ |  | 115
Construction and land development | ​ |  | — | ​ |  | — | ​ |  | —
Commercial and industrial | ​ |  | — | ​ |  | — | ​ |  | —
Leases | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Consumer and other | ​ |  | — | ​ |  | — | ​ |  | —
​ | ​ |  | 1,184 | ​ |  | 1,226 | ​ |  | 121
Total impaired loans and leases | ​ | $ | 3,325 | ​ | $ | 3,366 | ​ | $ | 506
​ ​ The following table details the average recorded investment and the amount of interest income recognized on a cash basis for the three and nine months ended September 30, 2022, respectively, of impaired loans by loan classification as determined under ASC 310 prior to the adoption of ASU 2016-13 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended September 30, 2022
​ |  | Average |  | Interest
​ |  | Recorded |  | Income
​ | ​ | Investment | ​ | Recognized
Impaired loans and leases without a valuation allowance: |  | ​ |  |  | ​ |
Commercial real estate | ​ | $ | 304 | ​ | $ | —
Consumer real estate | ​ |  | 1,742 | ​ |  | 72
Construction and land development | ​ |  | — | ​ |  | —
Commercial and industrial | ​ |  | — | ​ |  | —
Leases | ​ | ​ | — | ​ | ​ | —
Consumer and other | ​ |  | — | ​ |  | —
​ | ​ |  | 2,046 | ​ |  | 72
Impaired loans and leases with a valuation allowance: | ​ |  |  | ​ |  |
Commercial real estate | ​ |  | — | ​ |  | —
Consumer real estate | ​ |  | — | ​ |  | —
Construction and land development | ​ |  | 858 | ​ |  | —
Commercial and industrial | ​ |  | — | ​ |  | —
Leases | ​ | ​ | — | ​ | ​ | —
Consumer and other | ​ |  | — | ​ |  | —
​ | ​ |  | 858 | ​ |  | —
PCI loans and leases: | ​ |  |  | ​ |  |
Commercial real estate | ​ |  | 525 | ​ |  | 11
Consumer real estate | ​ |  | 880 | ​ |  | 12
Construction and land development | ​ |  | — | ​ |  | —
Commercial and industrial | ​ |  | — | ​ |  | —
Leases | ​ | ​ | — | ​ | ​ | —
Consumer and other | ​ |  | — | ​ |  | —
​ | ​ |  | 1,405 | ​ |  | 23
Total impaired loans and leases | ​ | $ | 4,309 | ​ | $ | 95
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Nine Months Ended September 30, 2022
​ |  | Average |  | Interest
​ |  | Recorded |  | Income
​ | ​ | Investment | ​ | Recognized
Impaired loans and leases without a valuation allowance: |  | ​ |  |  | ​ |
Commercial real estate | ​ | $ | 152 | ​ | $ | —
Consumer real estate | ​ |  | 1,839 | ​ |  | 92
Construction and land development | ​ |  | — | ​ |  | —
Commercial and industrial | ​ |  | — | ​ |  | —
Leases | ​ | ​ | — | ​ | ​ | —
Consumer and other | ​ |  | — | ​ |  | —
​ | ​ |  | 1,991 | ​ |  | 92
Impaired loans and leases with a valuation allowance: | ​ |  |  | ​ |  |
Commercial real estate | ​ |  | 429 | ​ |  | —
Consumer real estate | ​ |  | 87 | ​ |  | —
Construction and land development | ​ |  | 429 | ​ |  | —
Commercial and industrial | ​ |  | 32 | ​ |  | —
Leases | ​ | ​ | — | ​ | ​ | —
Consumer and other | ​ |  | — | ​ |  | —
​ | ​ |  | 977 | ​ |  | —
PCI loans and leases: | ​ |  |  | ​ |  |
Commercial real estate | ​ |  | 765 | ​ |  | 46
Consumer real estate | ​ |  | 879 | ​ |  | 40
Construction and land development | ​ |  | — | ​ |  | —
Commercial and industrial | ​ |  | — | ​ |  | —
Leases | ​ | ​ | — | ​ | ​ | —
Consumer and other | ​ |  | 2 | ​ |  | —
​ | ​ |  | 1,646 | ​ |  | 86
Total impaired loans and leases | ​ | $ | 4,614 | ​ | $ | 178
​ Loan Modifications to Borrowers Experiencing Financial Difficulty: The Company adopted ASU 2022-02, “Financial Instruments – Credit Losses (Topic 326), Troubled Debt Restructurings and Vintage Disclosures” (“ASU 2022-02”) effective January 1, 2023. The amendments in ASU 2022-02 eliminated the recognition and measure of troubled debt restructurings and enhanced disclosures for loan modifications to borrowers experiencing financial difficulty. The table below shows the amortized cost of loans and leases made to borrowers experiencing financial difficulty that were modified during the three and nine months ended September 30, 2023 (dollars in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​ |  | Payment Delay | ​ | ​ | ​ | ​ | Total Class | ​
​ |  | Payment |  | Term |  | and Term | ​ | ​ | ​ | ​ | of Financing | ​
Three months ended September 30, 2023 |  | Delay |  | Extension | ​ | Extension | ​ | Total | ​ | Receivable | ​
Commercial real estate | ​ | $ | — | ​ | $ | 528 | ​ | $ | — | ​ | $ | 528 | ​ | 0.03 | %
Consumer real estate | ​ |  | — | ​ |  | 514 | ​ |  | — | ​ | ​ | 514 | ​ | 0.08 | ​
Construction and land development | ​ |  | — | ​ |  | 748 | ​ |  | — | ​ | ​ | 748 | ​ | 0.20 | ​
Commercial and industrial | ​ |  | — | ​ |  | — | ​ |  | — | ​ | ​ | — | ​ | - | ​
Leases | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | - | ​
Consumer and other | ​ |  | — | ​ |  | — | ​ |  | — | ​ | ​ | — | ​ | - | ​
Total | ​ | $ | — | ​ | $ | 1,790 | ​ | $ | — | ​ | $ | 1,790 | ​ | 0.05 | %
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Nine months ended September 30, 2023 |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial real estate | ​ | $ | 403 | ​ | $ | 566 | ​ | $ | — | ​ | $ | 969 | ​ | 0.06 | %
Consumer real estate | ​ |  | — | ​ |  | 514 | ​ |  | — | ​ | ​ | 514 | ​ | 0.08 | ​
Construction and land development | ​ |  | — | ​ |  | 748 | ​ |  | — | ​ | ​ | 748 | ​ | 0.20 | ​
Commercial and industrial | ​ |  | 63 | ​ |  | — | ​ |  | 153 | ​ | ​ | 216 | ​ | 0.04 | ​
Leases | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | - | ​
Consumer and other | ​ |  | — | ​ |  | — | ​ |  | — | ​ | ​ | — | ​ | - | ​
Total | ​ | $ | 466 | ​ | $ | 1,828 | ​ | $ | 153 | ​ | $ | 2,447 | ​ | 0.07 | %
The following table summarizes the financial impacts of loan modifications made to borrowers experiencing financial difficulty during the three and nine months ended September 30, 2023 (dollars in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Weighted-Average | ​ | ​
​ |  | Term |  | Weighted-Average
​ |  | Extension |  | Total Payment
Three months ended September 30, 2023 |  | (in months) |  | Delay
Commercial real estate | ​ | ​ | 12 | ​ | $ | —
Consumer real estate | ​ |  | 20 | ​ |  | —
Construction and land development | ​ |  | 9 | ​ |  | —
Commercial and industrial | ​ |  | — | ​ |  | —
Leases | ​ | ​ | — | ​ | ​ | —
Consumer and other | ​ |  | — | ​ |  | —
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ | ​ | ​ | ​
Nine months ended September 30, 2023 |  | ​ | ​ | ​ | ​ | ​
Commercial real estate | ​ | ​ | 23 | ​ | $ | 23
Consumer real estate | ​ |  | 15 | ​ |  | —
Construction and land development | ​ |  | 9 | ​ |  | —
Commercial and industrial | ​ |  | 30 | ​ |  | 7
Leases | ​ | ​ | — | ​ | ​ | —
Consumer and other | ​ |  | — | ​ |  | —
​ No loan modifications made to borrowers experiencing financial difficulty, defaulted during the three and nine months ended September 30, 2023. ​ The table below shows an age analysis of loans and leases made to borrowers experiencing financial difficulty that were modified on or after January 1, 2023, that date the Company adopted ASU 2022-02 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2023
​ |  | ​ |  | ​ |  | 90 Days |  | ​ |  | ​ | ​
​ |  | ​ |  | 30-89 Days |  | or More |  | ​ |  | ​
​ |  | Current |  | Past Due |  | Past Due | ​ | Nonaccrual | ​ | Total
Commercial real estate | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 968 | ​ | $ | 968
Consumer real estate | ​ |  | 139 | ​ |  | — | ​ |  | — | ​ |  | 376 | ​ |  | 515
Construction and land development | ​ |  | 288 | ​ |  | — | ​ |  | — | ​ |  | 460 | ​ |  | 748
Commercial and industrial | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 216 | ​ |  | 216
Leases | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Consumer and other | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Total | ​ | $ | 427 | ​ | $ | — | ​ | $ | — | ​ | $ | 2,020 | ​ | $ | 2,447
​ As of December 31, 2022, prior to the adoption ASU 2022-02, management had approximately $101 thousand that meet the criteria of trouble debt restructured (“TDR”), none of which were on nonaccrual. There were no loans modified as a TDR during the nine months ended September 30, 2022. Foreclosure Proceedings and Balances: As of September 30, 2023, there were two residential real estate properties totaling $304 thousand secured by real estate included in other real estate owned and there were no residential real estate loans in the process of foreclosure.

X
- 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 -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//310-10/tableOfContent + Details
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