XML 40 R29.htm IDEA: XBRL DOCUMENT
v3.24.3

Allowance for Credit Losses and Reserve for Unfunded Loan Commitments (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
Allowance for Credit Losses and Reserve for Unfunded Loan Commitments |
Activity in the Allowance for Loan Losses by Portfolio Segment | The following tables detail the activity in the allowance for credit losses by portfolio segment for the three and nine months ended September 30, 2024 and 2023: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the three months ended September 30, 2024
​ | ​ | ​ | SBA | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Residential | ​ | ​ | ​
(In thousands) | ​ | Held for Investment | ​ | Commercial | ​ | Residential | ​ | Consumer | ​ | construction | ​ | Total
Balance, beginning of period | ​ | $ | 1,457 | ​ | $ | 16,688 | ​ | $ | 6,213 | ​ | $ | 835 | ​ | $ | 914 | ​ | $ | 26,107
Charge-offs | ​ |  | (70) | ​ |  | (46) | ​ |  | — | ​ |  | (68) | ​ |  | — | ​ |  | (184)
Recoveries | ​ |  | 7 | ​ |  | 9 | ​ |  | — | ​ |  | 34 | ​ |  | — | ​ |  | 50
Net charge-offs | ​ |  | (63) | ​ |  | (37) | ​ |  | — | ​ |  | (34) | ​ |  | — | ​ |  | (134)
(Credit to) provision for credit losses charged to expense | ​ |  | (77) | ​ |  | 923 | ​ |  | 221 | ​ |  | (2) | ​ |  | (36) | ​ |  | 1,029
Balance, end of period | ​ | $ | 1,317 | ​ | $ | 17,574 | ​ | $ | 6,434 | ​ | $ | 799 | ​ | $ | 878 | ​ | $ | 27,002
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the three months ended September 30, 2023
​ | ​ | SBA | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Residential | ​ | ​ | ​
(In thousands) | ​ | Held for Investment | ​ | Commercial | ​ | Residential | ​ | Consumer | ​ | construction | ​ | Total
Balance, beginning of period | ​ | $ | 1,556 | ​ | $ | 15,516 | ​ | $ | 6,437 | ​ | $ | 845 | ​ | $ | 1,634 | ​ | $ | 25,988
Charge-offs | ​ |  | (100) | ​ |  | (500) | ​ |  | — | ​ |  | (52) | ​ |  | — | ​ |  | (652)
Recoveries | ​ |  | 1 | ​ |  | 10 | ​ |  | — | ​ |  | 37 | ​ |  | — | ​ |  | 48
Net charge-offs | ​ |  | (99) | ​ |  | (490) | ​ |  | — | ​ |  | (15) | ​ |  | — | ​ |  | (604)
Provision for (credit to) credit losses charged to expense | ​ |  | 199 | ​ |  | 325 | ​ |  | (6) | ​ |  | 130 | ​ |  | (114) | ​ |  | 534
Balance, end of period | ​ | $ | 1,656 | ​ | $ | 15,351 | ​ | $ | 6,431 | ​ | $ | 960 | ​ | $ | 1,520 | ​ | $ | 25,918
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the nine months ended September 30, 2024
​ | ​ | ​ | SBA | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Residential | ​ | ​ | ​
(In thousands) | ​ | Held for Investment | ​ | Commercial | ​ | Residential | ​ | Consumer | ​ | construction | ​ | Total
Balance, beginning of period | ​ | $ | 1,221 | ​ | $ | 15,876 | ​ | $ | 6,529 | ​ | $ | 1,022 | ​ | $ | 1,206 | ​ | $ | 25,854
Charge-offs | ​ |  | (70) | ​ |  | (282) | ​ |  | — | ​ |  | (268) | ​ |  | (277) | ​ |  | (897)
Recoveries | ​ |  | 21 | ​ |  | 32 | ​ |  | — | ​ |  | 55 | ​ |  | — | ​ |  | 108
Net charge-offs | ​ |  | (49) | ​ |  | (250) | ​ |  | — | ​ |  | (213) | ​ |  | (277) | ​ |  | (789)
Provision for (credit to) credit losses charged to expense | ​ |  | 145 | ​ |  | 1,948 | ​ |  | (95) | ​ |  | (10) | ​ |  | (51) | ​ |  | 1,937
Balance, end of period | ​ | $ | 1,317 | ​ | $ | 17,574 | ​ | $ | 6,434 | ​ | $ | 799 | ​ | $ | 878 | ​ | $ | 27,002
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the nine months ended September 30, 2023
​ | ​ | SBA | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Residential | ​ | ​ | ​
(In thousands) | ​ | Held for Investment | ​ | Commercial | ​ | Residential | ​ | Consumer | ​ | construction | ​ | Total
Balance, beginning of period | ​ | $ | 875 | ​ | $ | 15,254 | ​ | $ | 5,450 | ​ | $ | 990 | ​ | $ | 2,627 | ​ | $ | 25,196
Effect of adopting Accounting Standards Update ("ASU") No. 2016-13 ("CECL") | ​ | ​ | 163 | ​ | ​ | 171 | ​ | ​ | 376 | ​ | ​ | 101 | ​ | ​ | 36 | ​ | ​ | 847
Charge-offs | ​ |  | (213) | ​ |  | (500) | ​ |  | — | ​ |  | (397) | ​ |  | (900) | ​ |  | (2,010)
Recoveries | ​ |  | 16 | ​ |  | 377 | ​ |  | — | ​ |  | 73 | ​ |  | — | ​ |  | 466
Net charge-offs | ​ |  | (197) | ​ |  | (123) | ​ |  | — | ​ |  | (324) | ​ |  | (900) | ​ |  | (1,544)
Provision for (credit to) credit losses charged to expense | ​ |  | 815 | ​ |  | 49 | ​ |  | 605 | ​ |  | 193 | ​ |  | (243) | ​ |  | 1,419
Balance, end of period | ​ | $ | 1,656 | ​ | $ | 15,351 | ​ | $ | 6,431 | ​ | $ | 960 | ​ | $ | 1,520 | ​ | $ | 25,918
Allowance for Credit Losses on Financing Receivables | The following tables present loans and their related allowance for credit losses, by portfolio segment, as of September 30, 2024 and December 31, 2023: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2024
​ | ​ | ​ | SBA | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Residential | ​ | ​ | ​
(In thousands) | ​ | Held for Investment | ​ | Commercial | ​ | Residential | ​ | Consumer | ​ | construction | ​ | Total
Allowance for credit losses ending balance: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Individually evaluated | ​ | $ | 501 | ​ | $ | 469 | ​ | $ | 301 | ​ | $ | — | ​ | $ | — | ​ | $ | 1,271
Collectively evaluated | ​ |  | 816 | ​ |  | 17,105 | ​ |  | 6,133 | ​ |  | 799 | ​ |  | 878 | ​ |  | 25,731
Total | ​ | $ | 1,317 | ​ | $ | 17,574 | ​ | $ | 6,434 | ​ | $ | 799 | ​ | $ | 878 | ​ | $ | 27,002
Loan ending balances: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Individually evaluated | ​ | $ | 3,646 | ​ | $ | 3,674 | ​ | $ | 5,053 | ​ | $ | 100 | ​ | $ | 547 | ​ | $ | 13,020
Collectively evaluated | ​ |  | 35,851 | ​ |  | 1,365,089 | ​ |  | 618,476 | ​ |  | 72,191 | ​ |  | 98,145 | ​ |  | 2,189,752
Total | ​ | $ | 39,497 | ​ | $ | 1,368,763 | ​ | $ | 623,529 | ​ | $ | 72,291 | ​ | $ | 98,692 | ​ | $ | 2,202,772
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2023
​ | ​ | ​ | SBA | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Residential | ​ | ​ | ​
(In thousands) | ​ | Held for Investment | ​ | Commercial | ​ | Residential | ​ | Consumer | ​ | construction | ​ | Total
Allowance for credit losses ending balance: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ | ​ |  | ​ |
Individually evaluated | ​ | $ | 348 | ​ | $ | 341 | ​ | $ | 306 | ​ | $ | — | ​ | $ | — | ​ | $ | 995
Collectively evaluated | ​ |  | 873 | ​ |  | 15,535 | ​ |  | 6,223 | ​ |  | 1,022 | ​ |  | 1,206 | ​ |  | 24,859
Total | ​ | $ | 1,221 | ​ | $ | 15,876 | ​ | $ | 6,529 | ​ | $ | 1,022 | ​ | $ | 1,206 | ​ | $ | 25,854
Loan ending balances: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | ​ | ​ |  |
Individually evaluated | ​ | $ | 3,444 | ​ | $ | 1,948 | ​ | $ | 11,272 | ​ | $ | 388 | ​ | $ | 2,141 | ​ | $ | 19,193
Collectively evaluated | ​ |  | 37,458 | ​ |  | 1,275,512 | ​ |  | 620,234 | ​ |  | 72,288 | ​ |  | 129,136 | ​ |  | 2,134,628
Total | ​ | $ | 40,902 | ​ | $ | 1,277,460 | ​ | $ | 631,506 | ​ | $ | 72,676 | ​ | $ | 131,277 | ​ | $ | 2,153,821

X
- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-11B Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FinancingReceivableAllowanceForCreditLossAdditionalInformationAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allowance for credit loss of financing receivable, classified as current. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11B -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-11B Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
Name: | us-gaap_ScheduleOfCreditLossesForFinancingReceivablesCurrentTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration