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v3.23.2

Loans and Allowance for Credit Losses (Tables) | 6 Months Ended
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Jun. 30, 2023
Receivables [Abstract] |
Schedule of Loans, Net of Unamortized Net Deferred Fees | Loans, net of unamortized deferred fees, at June 30, 2023 and December 31, 2022 are summarized by portfolio segment as follows:
|  | June 30, 2023 |  | December 31, 2022
(dollars in thousands, except amounts in the footnote) |  | Amount |  | % |  | Amount |  | %
Commercial |  | $ | 1,431,284 |  |  | 18 | % |  | $ | 1,487,349 |  |  | 19 | %
PPP loans |  | 649 |  |  | — | % |  | 3,256 |  |  | — | %
Income-producing - commercial real estate |  | 4,086,049 |  |  | 53 | % |  | 3,919,941 |  |  | 51 | %
Owner-occupied - commercial real estate |  | 1,122,334 |  |  | 14 | % |  | 1,110,325 |  |  | 15 | %
Real estate mortgage - residential |  | 76,596 |  |  | 1 | % |  | 73,001 |  |  | 1 | %
Construction - commercial and residential |  | 862,869 |  |  | 11 | % |  | 877,755 |  |  | 12 | %
Construction - C&I (owner-occupied) |  | 132,843 |  |  | 2 | % |  | 110,479 |  |  | 1 | %
Home equity |  | 53,934 |  |  | 1 | % |  | 51,782 |  |  | 1 | %
Other consumer |  | 161 |  |  | — | % |  | 1,744 |  |  | — | %
Total loans |  | 7,766,719 |  |  | 100 | % |  | 7,635,632 |  |  | 100 | %
Less: allowance for credit losses |  | (78,029) |  |  |  |  | (74,444) |  |  |
Net loans (1) |  | $ | 7,688,690 |  |  |  |  | $ | 7,561,188 |  |  |
(1)Excludes accrued interest receivable of $44.1 million and $43.5 million at June 30, 2023 and December 31, 2022, respectively, which were recorded in other assets on the Consolidated Balance Sheets.
Schedule of Detail Activity in the Allowance for Credit Losses by Portfolio Segment | The following table details activity in the allowance for credit losses by portfolio segment for the three and six months ended June 30, 2023 and 2022. PPP loans are excluded from these tables since they do not carry an allowance for credit loss, as these loans are fully guaranteed as to principal and interest by the SBA, whose guarantee is backed by the full faith and credit of the U.S. Government. Allocation of a portion of the allowance to one category of loans does not restrict the use of the allowance to absorb losses in other categories.
(dollars in thousands) |  | Commercial |  | Income-Producing Commercial Real Estate |  | Owner-Occupied -Commercial Real Estate |  | Real Estate Mortgage Residential |  | Construction -Commercial and Residential |  | Home Equity |  | Other Consumer |  | Total
Three Months Ended June 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period |  | $ | 15,775 |  |  | $ | 38,140 |  |  | $ | 12,457 |  |  | $ | 1,002 |  |  | $ | 10,383 |  |  | $ | 593 |  |  | $ | 27 |  |  | $ | 78,377 |
Loans charged-off |  | (492) |  |  | (5,306) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (5,798) |
Recoveries of loans previously charged-off |  | 156 |  |  | — |  |  | 8 |  |  | — |  |  | 34 |  |  | — |  |  | 2 |  |  | 200 |
Net loans (charged-off) recovered |  | (336) |  |  | (5,306) |  |  | 8 |  |  | — |  |  | 34 |  |  | — |  |  | 2 |  |  | (5,598) |
Provision for (reversal of) credit losses |  | (65) |  |  | 5,652 |  |  | 340 |  |  | (191) |  |  | (485) |  |  | 2 |  |  | (3) |  |  | 5,250 |
Ending balance |  | $ | 15,374 |  |  | $ | 38,486 |  |  | $ | 12,805 |  |  | $ | 811 |  |  | $ | 9,932 |  |  | $ | 595 |  |  | $ | 26 |  |  | $ | 78,029 |
Six Months Ended June 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period |  | $ | 15,655 |  |  | $ | 35,688 |  |  | $ | 12,702 |  |  | $ | 969 |  |  | $ | 8,801 |  |  | $ | 555 |  |  | $ | 74 |  |  | $ | 74,444 |
Loans charged-off |  | (1,360) |  |  | (5,306) |  |  | — |  |  | — |  |  | (136) |  |  | — |  |  | (50) |  |  | (6,852) |
Recoveries of loans previously charged-off |  | 232 |  |  | — |  |  | 8 |  |  | — |  |  | 34 |  |  | — |  |  | 5 |  |  | 279 |
Net loans (charged-off) recovered |  | (1,128) |  |  | (5,306) |  |  | 8 |  |  | — |  |  | (102) |  |  | — |  |  | (45) |  |  | (6,573) |
Provision for (reversal of) credit losses |  | 847 |  |  | 8,104 |  |  | 95 |  |  | (158) |  |  | 1,233 |  |  | 40 |  |  | (3) |  |  | 10,158 |
Ending balance |  | $ | 15,374 |  |  | $ | 38,486 |  |  | $ | 12,805 |  |  | $ | 811 |  |  | $ | 9,932 |  |  | $ | 595 |  |  | $ | 26 |  |  | $ | 78,029 |
Three Months Ended June 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period |  | $ | 12,946 |  |  | $ | 39,193 |  |  | $ | 10,515 |  |  | $ | 381 |  |  | $ | 7,973 |  |  | $ | 467 |  |  | $ | 30 |  |  | $ | 71,505 |
Loans charged-off |  | (38) |  |  | — |  |  | (1,355) |  |  | — |  |  | — |  |  | — |  |  | (3) |  |  | (1,396) |
Recoveries of loans previously charged-off |  | 442 |  |  | — |  |  | — |  |  | — |  |  | 1,627 |  |  | — |  |  | 1 |  |  | 2,070 |
Net loans (charged-off) recovered |  | 404 |  |  | — |  |  | (1,355) |  |  | — |  |  | 1,627 |  |  | — |  |  | (2) |  |  | 674 |
Provision for (reversal of) credit losses |  | 2,404 |  |  | (5,073) |  |  | 3,636 |  |  | 409 |  |  | (1,106) |  |  | 180 |  |  | 36 |  |  | 486 |
Ending balance |  | $ | 15,754 |  |  | $ | 34,120 |  |  | $ | 12,796 |  |  | $ | 790 |  |  | $ | 8,494 |  |  | $ | 647 |  |  | $ | 64 |  |  | $ | 72,665 |
Six Months Ended June 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period |  | $ | 14,475 |  |  | $ | 38,287 |  |  | $ | 12,146 |  |  | $ | 449 |  |  | $ | 9,099 |  |  | $ | 474 |  |  | $ | 35 |  |  | $ | 74,965 |
Loans charged-off |  | (552) |  |  | — |  |  | (1,355) |  |  | — |  |  | — |  |  | — |  |  | (3) |  |  | (1,910) |
Recoveries of loans previously charged-off |  | 496 |  |  | — |  |  | — |  |  | — |  |  | 1,627 |  |  | — |  |  | 2 |  |  | 2,125 |
Net loans (charged-off) recovered |  | (56) |  |  | — |  |  | (1,355) |  |  | — |  |  | 1,627 |  |  | — |  |  | (1) |  |  | 215 |
Provision for (reversal of) credit losses |  | 1,335 |  |  | (4,167) |  |  | 2,005 |  |  | 341 |  |  | (2,232) |  |  | 173 |  |  | 30 |  |  | (2,515) |
Ending balance |  | $ | 15,754 |  |  | $ | 34,120 |  |  | $ | 12,796 |  |  | $ | 790 |  |  | $ | 8,494 |  |  | $ | 647 |  |  | $ | 64 |  |  | $ | 72,665 |
Schedule of Amortized Cost Basis of Collateral-Dependent Loans by Class of Loans | The following table presents the amortized cost basis of collateral-dependent loans by class of loans as of June 30, 2023 and December 31, 2022:
|  | June 30, 2023 |  | December 31, 2022
|  | Business/Other |  |  |  | Business/Other |  |
(dollars in thousands) |  | Assets |  | Real Estate |  | Assets |  | Real Estate
Commercial |  | $ | 1,916 |  |  | $ | 986 |  |  | $ | 1,563 |  |  | $ | 1,871 |
Income-producing - commercial real estate |  | 2,000 |  |  | 22,722 |  |  | 2,000 |  |  | 4,328 |
Owner-occupied - commercial real estate |  | — |  |  | 19,179 |  |  | — |  |  | 19,187 |
Real estate mortgage - residential |  | — |  |  | 1,698 |  |  | — |  |  | 1,698 |
Construction - commercial and residential |  | — |  |  | 529 |  |  | — |  |  | — |
Other consumer |  | — |  |  | — |  |  | 50 |  |  | — |
Total |  | $ | 3,916 |  |  | $ | 45,114 |  |  | $ | 3,613 |  |  | $ | 27,084 |
Schedule of the Risk Category of Loans by Class of Loans | Based on the most recent analysis performed, the amortized cost basis of loans by risk category, class and year of origination are as follows:
(dollars in thousands) |  | Prior |  | 2019 |  | 2020 |  | 2021 |  | 2022 |  | 2023 |  | Revolving Loans Amort. Cost Basis |  | Revolving Loans Convert. to Term |  | Total |
June 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 192,960 |  |  | $ | 53,809 |  |  | $ | 57,194 |  |  | $ | 222,312 |  |  | $ | 161,306 |  |  | $ | 81,087 |  |  | $ | 648,638 |  |  | $ | 5,560 |  |  | $ | 1,422,866 |  |
Special Mention |  | — |  |  | — |  |  | — |  |  | — |  |  | 73 |  |  | — |  |  | 5,469 |  |  | — |  |  | 5,542 |  |
Substandard |  | 1,721 |  |  | 253 |  |  | — |  |  | 336 |  |  | — |  |  | — |  |  | 292 |  |  | 274 |  |  | 2,876 |  |
Total |  | 194,681 |  |  | 54,062 |  |  | 57,194 |  |  | 222,648 |  |  | 161,379 |  |  | 81,087 |  |  | 654,399 |  |  | 5,834 |  |  | 1,431,284 |  |
YTD Gross Charge-offs |  | (418) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (942) |  |  | (1,360) |  |
PPP loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | — |  |  | — |  |  | — |  |  | 649 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 649 |  |
Income producing - commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | 1,344,042 |  |  | 403,563 |  |  | 307,222 |  |  | 510,702 |  |  | 701,572 |  |  | 312,572 |  |  | 198,470 |  |  | 2,625 |  |  | 3,780,768 |  |
Special Mention |  | 91,682 |  |  | 4,185 |  |  | 6,733 |  |  | — |  |  | — |  |  | — |  |  | 47,668 |  |  | — |  |  | 150,268 |  |
Substandard |  | 106,734 |  |  | 48,279 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 155,013 |  |
Total |  | 1,542,458 |  |  | 456,027 |  |  | 313,955 |  |  | 510,702 |  |  | 701,572 |  |  | 312,572 |  |  | 246,138 |  |  | 2,625 |  |  | 4,086,049 |  |
YTD Gross Charge-offs |  | (5,306) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (5,306) |  |
Owner occupied - commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | 625,731 |  |  | 117,610 |  |  | 39,281 |  |  | 202,422 |  |  | 38,666 |  |  | 55,380 |  |  | 1,430 |  |  | 22,077 |  |  | 1,102,597 |  |
Substandard |  | 19,737 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 19,737 |  |
Total |  | 645,468 |  |  | 117,610 |  |  | 39,281 |  |  | 202,422 |  |  | 38,666 |  |  | 55,380 |  |  | 1,430 |  |  | 22,077 |  |  | 1,122,334 |  |
Real estate mortgage - residential |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | 27,124 |  |  | 8,113 |  |  | 2,209 |  |  | 16,354 |  |  | 14,313 |  |  | 6,785 |  |  | — |  |  | — |  |  | 74,898 |  |
Substandard |  | 1,698 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,698 |  |
Total |  | 28,822 |  |  | 8,113 |  |  | 2,209 |  |  | 16,354 |  |  | 14,313 |  |  | 6,785 |  |  | — |  |  | — |  |  | 76,596 |  |
Construction - commercial and residential |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | 45,206 |  |  | 13,385 |  |  | 110,119 |  |  | 237,410 |  |  | 272,209 |  |  | 32,506 |  |  | 110,636 |  |  | 1,776 |  |  | 823,247 |  |
Substandard |  | 529 |  |  | 39,093 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 39,622 |  |
Total |  | 45,735 |  |  | 52,478 |  |  | 110,119 |  |  | 237,410 |  |  | 272,209 |  |  | 32,506 |  |  | 110,636 |  |  | 1,776 |  |  | 862,869 |  |
YTD Gross Charge-offs |  | (136) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (136) |  |
Construction - C&I (owner occupied) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | 19,353 |  |  | 4,335 |  |  | 56,948 |  |  | 641 |  |  | 41,730 |  |  | 3,403 |  |  | 6,433 |  |  | — |  |  | 132,843 |  |
Total |  | 19,353 |  |  | 4,335 |  |  | 56,948 |  |  | 641 |  |  | 41,730 |  |  | 3,403 |  |  | 6,433 |  |  | — |  |  | 132,843 |  |
Home equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | 2,443 |  |  | — |  |  | 246 |  |  | 374 |  |  | 164 |  |  | — |  |  | 49,766 |  |  | 842 |  |  | 53,835 |  |
Substandard |  | — |  |  | 38 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 61 |  |  | — |  |  | 99 |  |
Total |  | 2,443 |  |  | 38 |  |  | 246 |  |  | 374 |  |  | 164 |  |  | — |  |  | 49,827 |  |  | 842 |  |  | 53,934 |  |
Other consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | 7 |  |  | — |  |  | — |  |  | — |  |  | 114 |  |  | — |  |  | 40 |  |  | — |  |  | 161 |  |
Total |  | 7 |  |  | — |  |  | — |  |  | — |  |  | 114 |  |  | — |  |  | 40 |  |  | — |  |  | 161 |  |
YTD Gross Charge-offs |  | (50) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (50) |  |
Total Recorded Investment |  | $ | 2,478,967 |  |  | $ | 692,663 |  |  | $ | 579,952 |  |  | $ | 1,191,200 |  |  | $ | 1,230,147 |  |  | $ | 491,733 |  |  | $ | 1,068,903 |  |  | $ | 33,154 |  |  | $ | 7,766,719 |  |
Total YTD Gross Charge-offs |  | $ | (5,910) |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (942) |  |  | $ | (6,852) |  |
(dollars in thousands) |  | Prior |  | 2018 |  | 2019 |  | 2020 |  | 2021 |  | 2022 |  | Revolving Loans Amort. Cost Basis |  | Revolving Loans Convert. to Term |  | Total |
December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 183,329 |  |  | $ | 47,393 |  |  | $ | 56,261 |  |  | $ | 64,163 |  |  | $ | 237,146 |  |  | $ | 144,390 |  |  | $ | 736,090 |  |  | $ | 8,570 |  |  | $ | 1,477,342 |  |
Special Mention |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 82 |  |  | 5,475 |  |  | — |  |  | 5,557 |  |
Substandard |  | 1,332 |  |  | 351 |  |  | 276 |  |  | — |  |  | — |  |  | — |  |  | 1,344 |  |  | 1,147 |  |  | 4,450 |  |
Total |  | 184,661 |  |  | 47,744 |  |  | 56,537 |  |  | 64,163 |  |  | 237,146 |  |  | 144,472 |  |  | 742,909 |  |  | 9,717 |  |  | 1,487,349 |  |
YTD Gross Charge-offs |  | (283) |  |  | (101) |  |  | (49) |  |  | — |  |  | — |  |  | — |  |  | (483) |  |  | — |  |  | (916) |  |
PPP loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | — |  |  | — |  |  | — |  |  | 2,479 |  |  | 777 |  |  | — |  |  | — |  |  | — |  |  | 3,256 |  |
Income producing - commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | 1,016,529 |  |  | 439,221 |  |  | 480,474 |  |  | 334,165 |  |  | 542,143 |  |  | 744,328 |  |  | 192,089 |  |  | 358 |  |  | 3,749,307 |  |
Special Mention |  | 44,195 |  |  | 5,206 |  |  | 4,209 |  |  | 6,735 |  |  | — |  |  | — |  |  | 47,676 |  |  | — |  |  | 108,021 |  |
Substandard |  | 60,613 |  |  | 2,000 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 62,613 |  |
Total |  | 1,121,337 |  |  | 446,427 |  |  | 484,683 |  |  | 340,900 |  |  | 542,143 |  |  | 744,328 |  |  | 239,765 |  |  | 358 |  |  | 3,919,941 |  |
YTD Gross Charge-offs |  | (680) |  |  | (645) |  |  | (676) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (2,001) |  |
Owner occupied - commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | 461,029 |  |  | 191,646 |  |  | 111,497 |  |  | 40,562 |  |  | 206,595 |  |  | 41,765 |  |  | 24,240 |  |  | 13,238 |  |  | 1,090,572 |  |
Substandard |  | 19,753 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 19,753 |  |
Total |  | 480,782 |  |  | 191,646 |  |  | 111,497 |  |  | 40,562 |  |  | 206,595 |  |  | 41,765 |  |  | 24,240 |  |  | 13,238 |  |  | 1,110,325 |  |
Real estate mortgage - residential |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | 16,968 |  |  | 12,438 |  |  | 8,219 |  |  | 2,640 |  |  | 16,307 |  |  | 14,731 |  |  | — |  |  | — |  |  | 71,303 |  |
Substandard |  | 1,698 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,698 |  |
Total |  | 18,666 |  |  | 12,438 |  |  | 8,219 |  |  | 2,640 |  |  | 16,307 |  |  | 14,731 |  |  | — |  |  | — |  |  | 73,001 |  |
Construction - commercial and residential |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | 84,522 |  |  | 71,841 |  |  | 90,560 |  |  | 189,023 |  |  | 191,127 |  |  | 159,771 |  |  | 90,911 |  |  | — |  |  | 877,755 |  |
Total |  | 84,522 |  |  | 71,841 |  |  | 90,560 |  |  | 189,023 |  |  | 191,127 |  |  | 159,771 |  |  | 90,911 |  |  | — |  |  | 877,755 |  |
Construction - C&I (owner occupied) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | 14,816 |  |  | 8,160 |  |  | 11,810 |  |  | 33,854 |  |  | 653 |  |  | 34,679 |  |  | 6,507 |  |  | — |  |  | 110,479 |  |
Total |  | 14,816 |  |  | 8,160 |  |  | 11,810 |  |  | 33,854 |  |  | 653 |  |  | 34,679 |  |  | 6,507 |  |  | — |  |  | 110,479 |  |
Home equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | 1,747 |  |  | — |  |  | — |  |  | 98 |  |  | 551 |  |  | — |  |  | 48,378 |  |  | 906 |  |  | 51,680 |  |
Substandard |  | — |  |  | — |  |  | 41 |  |  | — |  |  | — |  |  | — |  |  | 61 |  |  | — |  |  | 102 |  |
Total |  | 1,747 |  |  | — |  |  | 41 |  |  | 98 |  |  | 551 |  |  | — |  |  | 48,439 |  |  | 906 |  |  | 51,782 |  |
Other consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | 4 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 126 |  |  | 1,561 |  |  | 3 |  |  | 1,694 |  |
Substandard |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 50 |  |  | 50 |  |
Total |  | 4 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 126 |  |  | 1,561 |  |  | 53 |  |  | 1,744 |  |
YTD Gross Charge-offs |  | (3) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (75) |  |  | — |  |  | (78) |  |
Total Recorded Investment |  | $ | 1,906,535 |  |  | $ | 778,256 |  |  | $ | 763,347 |  |  | $ | 673,719 |  |  | $ | 1,195,299 |  |  | $ | 1,139,872 |  |  | $ | 1,154,332 |  |  | $ | 24,272 |  |  | $ | 7,635,632 |  |
Total YTD Gross Charge-Offs |  | $ | (966) |  |  | $ | (746) |  |  | $ | (725) |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (558) |  |  | $ | — |  |  | $ | (2,995) |  |
Schedule by Class of Loan, an Aging Analysis and the Recorded Investments in Loans Past Due | The table presents, by class of loan, an aging analysis and the recorded investments in loans past due on an amortized cost basis as of June 30, 2023 and December 31, 2022:
(dollars in thousands, except amount in the footnote) |  | Loans 30-59 Days Past Due |  | Loans 60-89 Days Past Due |  | Loans 90 Days or More Past Due |  | Total Past Due Loans |  | Current Loans |  | Nonaccrual Loans |  | Total Recorded Investment in Loans
June 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  | $ | 8 |  |  | $ | 149 |  |  | $ | — |  |  | $ | 157 |  |  | $ | 1,429,162 |  |  | $ | 1,965 |  |  | $ | 1,431,284 |
PPP loans |  | — |  |  | — |  |  | — |  |  | — |  |  | 649 |  |  | — |  |  | 649 |
Income producing - commercial real estate (1) |  | — |  |  | 662 |  |  | — |  |  | 662 |  |  | 4,060,741 |  |  | 24,646 |  |  | 4,086,049 |
Owner occupied - commercial real estate |  | — |  |  | 1,066 |  |  | — |  |  | 1,066 |  |  | 1,121,259 |  |  | 9 |  |  | 1,122,334 |
Real estate mortgage - residential |  | — |  |  | — |  |  | — |  |  | — |  |  | 74,642 |  |  | 1,954 |  |  | 76,596 |
Construction - commercial and residential |  | — |  |  | 39,093 |  |  | — |  |  | 39,093 |  |  | 823,252 |  |  | 524 |  |  | 862,869 |
Construction - C&I (owner occupied) |  | — |  |  | — |  |  | — |  |  | — |  |  | 132,843 |  |  | — |  |  | 132,843 |
Home equity |  | — |  |  | 46 |  |  | — |  |  | 46 |  |  | 53,888 |  |  | — |  |  | 53,934 |
Other consumer |  | — |  |  | — |  |  | — |  |  | — |  |  | 161 |  |  | — |  |  | 161 |
Total |  | $ | 8 |  |  | $ | 41,016 |  |  | $ | — |  |  | $ | 41,024 |  |  | $ | 7,696,597 |  |  | $ | 29,098 |  |  | $ | 7,766,719 |
December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  | $ | 697 |  |  | $ | 643 |  |  | $ | — |  |  | 1,340 |  |  | $ | 1,483,521 |  |  | $ | 2,488 |  |  | 1,487,349 |
PPP loans |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,256 |  |  | — |  |  | 3,256 |
Income producing - commercial real estate |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,917,941 |  |  | 2,000 |  |  | 3,919,941 |
Owner occupied - commercial real estate |  | — |  |  | 279 |  |  | — |  |  | 279 |  |  | 1,110,029 |  |  | 17 |  |  | 1,110,325 |
Real estate mortgage – residential |  | — |  |  | — |  |  | — |  |  | — |  |  | 71,088 |  |  | 1,913 |  |  | 73,001 |
Construction - commercial and residential |  | 531 |  |  | — |  |  | — |  |  | 531 |  |  | 877,224 |  |  | — |  |  | 877,755 |
Construction - C&I (owner occupied) |  | — |  |  | — |  |  | — |  |  | — |  |  | 110,479 |  |  | — |  |  | 110,479 |
Home equity |  | — |  |  | 52 |  |  | — |  |  | 52 |  |  | 51,730 |  |  | — |  |  | 51,782 |
Other consumer |  | — |  |  | 1 |  |  | — |  |  | 1 |  |  | 1,693 |  |  | 50 |  |  | 1,744 |
Total |  | $ | 1,228 |  |  | $ | 975 |  |  | $ | — |  |  | $ | 2,203 |  |  | $ | 7,626,961 |  |  | $ | 6,468 |  |  | $ | 7,635,632 |
Schedule of Information Related to Nonaccrual Loans by Class | The following presents the nonaccrual loans as of June 30, 2023 and December 31, 2022:
(dollars in thousands, except amounts in footnotes) |  | Nonaccrual with No Allowance for Credit Losses |  | Nonaccrual with an Allowance for Credit Losses |  | Total Nonaccrual Loans
June 30, 2023 |  |  |  |  |  |
Commercial |  | $ | 140 |  |  | $ | 1,825 |  |  | $ | 1,965 |
Income producing - commercial real estate |  | 20,439 |  |  | 4,207 |  |  | 24,646 |
Owner occupied - commercial real estate |  | 9 |  |  | — |  |  | 9 |
Real estate mortgage - residential |  | — |  |  | 1,954 |  |  | 1,954 |
Construction - commercial and residential |  | — |  |  | 524 |  |  | 524 |
Total (1) |  | $ | 20,588 |  |  | $ | 8,510 |  |  | $ | 29,098 |
December 31, 2022 |  |  |  |  |  |
Commercial |  | $ | 101 |  |  | $ | 2,387 |  |  | $ | 2,488 |
Income producing - commercial real estate |  | — |  |  | 2,000 |  |  | 2,000 |
Owner occupied - commercial real estate |  | 17 |  |  | — |  |  | 17 |
Real estate mortgage - residential |  | — |  |  | 1,913 |  |  | 1,913 |
Other consumer |  | — |  |  | 50 |  |  | 50 |
Total (1) |  | $ | 118 |  |  | $ | 6,350 |  |  | $ | 6,468 |
(1)Gross interest income of approximately $1.1 million and $532 thousand would have been recorded for the six months ended June 30, 2023 and 2022, respectively, if nonaccrual loans shown above had been current and in accordance with their original terms, while $277 thousand and $6 thousand interest income was actually recorded on such loans for the six months ended June 30, 2023 and 2022, respectively. See Note 1 to the Consolidated Financial Statements for a description of the Company's policy for placing loans on nonaccrual status.
Schedule of Loans Modified in Troubled Debt Restructurings | The following table presents the amortized cost basis as of June 30, 2023 and the financial effect of loans modified to borrowers experiencing financial difficulty during the three and six months ended June 30, 2023:
|  |  |  | June 30, 2023 |  |  |  |
(dollars in thousands) |  |  |  | Term Extension |  | Combination - Term Extension and Principal Payment Delay |  | Combination - Term Extension, Principal Payment Delay and Interest Rate Reduction |  | Total |  | Percentage of Total Loan Type |  | Weighted Average Term and Principal Payment Extension (1) |  | Weighted Average Interest Rate Reduction
Three months ended June 30, 2023: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  |  |  | $ | 30,833 |  |  | $ | — |  |  | $ | — |  |  | $ | 30,833 |  |  | 2.2 | % |  | 3 months |  | — | %
Income producing - commercial real estate |  |  |  | — |  |  | 55,603 |  |  | 74,026 |  |  | 129,629 |  |  | 3.2 | % |  | 3 months |  | 2.90 | %
Owner occupied - commercial real estate |  |  |  | — |  |  | 19,170 |  |  | — |  |  | 19,170 |  |  | 1.7 | % |  | 3 months |  | — | %
Construction - commercial and residential |  |  |  | 6,971 |  |  | — |  |  | — |  |  | 6,971 |  |  | 0.8 | % |  | 6 months |  | — | %
Total |  |  |  | $ | 37,804 |  |  | $ | 74,773 |  |  | $ | 74,026 |  |  | $ | 186,603 |  |  |  |  |  |  |
Six months ended June 30, 2023: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  |  |  | $ | 30,833 |  |  | $ | — |  |  | $ | — |  |  | $ | 30,833 |  |  | 2.2 | % |  | 5 months |  | — | %
Income producing - commercial real estate (2) |  |  |  | 7,184 |  |  | 57,823 |  |  | 74,026 |  |  | 139,033 |  |  | 3.4 | % |  | 5 months |  | 2.90 | %
Owner occupied - commercial real estate |  |  |  | — |  |  | 19,170 |  |  | — |  |  | 19,170 |  |  | 1.7 | % |  | 6 months |  | — | %
Construction - commercial and residential |  |  |  | $ | 6,971 |  |  | $ | — |  |  | $ | — |  |  | 6,971 |  |  | 0.8 | % |  | 6 months |  | — | %
Total |  |  |  | $ | 44,988 |  |  | $ | 76,993 |  |  | $ | 74,026 |  |  | $ | 196,007 |  |  |  |  |  |  |
(1)For loans that received multiple modifications during the six months ended June 30, 2023, calculated based on the aggregated impact of the extensions received during the period. (2)Includes one loan modified as a combination - principal payment delay and term extension during the first quarter of 2023 that was moved to nonaccrual status and incurred a $2.1 million charge off in the second quarter of 2023. The following table presents the performance of loans modified to borrowers experiencing financial difficulty during the six months ended June 30, 2023:
|  | June 30, 2023
|  | Payment Status (Amortized Cost Basis)
(dollars in thousands) |  | Current |  |  |  |  |  | Nonaccrual
Commercial |  | $ | 30,833 |  |  |  |  |  |  | $ | — |
Income producing - commercial real estate |  | 136,814 |  |  |  |  |  |  | 2,219 |
Owner occupied - commercial real estate |  | 19,170 |  |  |  |  |  |  | — |
Construction - commercial and residential |  | 6,971 |  |  |  |  |  |  | — |
Total |  | $ | 193,788 |  |  |  |  |  |  | $ | 2,219 |

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