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Commitments, Contingencies and Credit Risk (Tables)
9 Months Ended
Sep. 30, 2023
Commitments, Contingencies and Credit Risk  
Schedule of commitments outstanding

The following table presents commitments outstanding at September 30, 2023 and December 31, 2022:

September 30, 

December 31, 

(dollars in thousands)

    

2023

    

2022

Unfunded Commitments Under Lines of Credit

$

570,363

$

848,734

Letters of Credit

 

107,292

 

115,769

Totals

$

677,655

$

964,503

Schedule of balance and activity in the allowance for credit losses for off-balance sheet credit exposures

The ACL for off-balance sheet credit exposures was $3.2 million at September 30, 2023 and is separately classified on the balance sheet within other liabilities. Prior to the adoption of CECL, the Company’s ACL for off-balance sheet credit exposures was not material. The following table presents the balance and activity in the allowance for credit losses for off-balance sheet credit exposures for the three and nine months ended September 30, 2023:

Three Months Ended

Nine Months Ended

(dollars in thousands)

September 30, 2023

September 30, 2023

Allowance for Credit Losses:

Beginning Balance, Prior to Adoption of CECL

$

3,835

$

360

Impact of Adopting CECL

4,850

Provision for (Recovery of) Off-Balance Sheet Credit Exposures

(600)

(1,975)

Total Ending Balance

$

3,235

$

3,235